Minutes of June 6th Meeting:
Chairman John Bajumpaa called the meeting to order at 7:30 P.M. The members present introduced themselves, identifying their affiliations with the 4Cs, whether representing a member club or as individual
Previous Meeting Minutes:
Dave Bajumpaa made a motion to accept the minutes of the May 5, 2022 meeting as published in the June,
2022 issue of The Voice. Charlie Fletcher seconded the motion and it was passed unanimously.
Treasurer John Jarush gave the bank balances as of the of the beginning and end of May 2022, showing a
slight increase in overall revenue. Membership income was slightly greater than expenses for the month.
Dave Bajumpaa reviewed the legislative changes (and non-changes) that affects the interest of car hobbyists, and motor vehicle matters in general. The $500 maximum assessment for antique, rare or
special interest motor vehicles 20 years old or older was not changed in the latest budget legislation. What
did change for the upcoming tax year is the maximum mil rate any municipality can apply to motor vehicles.
Previously set at 40, it was reduced to a 32.48 mil rate.
Among other items changed, the manner in which assessment valuations for all motor vehicles,
beginning, October 2023, will be calculated with a set formula specifying a depreciation schedule over a 20-
year span. Beginning from the MSRP, the reduction begins at 80% 0f the MSRP in the first year of a new
car. The rate drops over time, not dropping below 70% until year four. It further reduces to 10% of the
MSRP at year 15, and at 20 years it can be no less than $500. But it appears that from 15 years into
perpetuity, the assessment never drops below 10% which could be considerably greater than $500. This
may effectively be a tax increase for many car owners over time. Under current law and DMV procedures,
though, most if not all vehicles 20 years old and older will still qualify for the $500 maximum assessment.
Regarding our overtures to the DMV to discuss titling processes and the eligibility of composite vehicles for
Classic registration and tax treatment, Dave reported he has not yet had any response from the Commissioner’s office.
Website, Calendar of Events, and Facebook:
John Bajumpaa reported he brought the calendars up to date. John reminded the members that one of the best ways to get information distributed is to post it to the Facebook page. From there, John uses that
information to update the website calendar, and the Facebook page is the fastest way to get any late
changes to the broadest audience quickly. Nevertheless, John will accept information from any
him through the web site: (http://www.ctccc.net/contact-us.html ).
There being no further business, the Meeting
adjourned at 8:04 P.M..
Our next meeting will be Monday, August 1, 2022 at the Athenian Diner Restaurant in Middletown,
Connecticut (dinner at 6:30 PM, meeting at 7:30 PM.).
Jim Juhas, Recording Secretary