§ 105-330.9. Antique automobiles.
§ 105‑330.9. Antiqueautomobiles.
(a)       Definition. – Forthe purpose of this section, the term "antique automobile" means amotor vehicle that meets all of the following conditions:
(1)Â Â Â Â Â Â Â It is registeredwith the Division of Motor Vehicles and has an historic vehicle special licenseplate under G.S. 20‑79.4.
(2)Â Â Â Â Â Â Â It is maintainedprimarily for use in exhibitions, club activities, parades, and other publicinterest functions.
(3)Â Â Â Â Â Â Â It is used onlyoccasionally for other purposes.
(4)Â Â Â Â Â Â Â It is owned by anindividual.
(5)Â Â Â Â Â Â Â It is used by theowner for a purpose other than the production of income and is not used inconnection with a business.
(b)       Classification. – Antiqueautomobiles are designated a special class of property under Article V, Sec.2(2) of the North Carolina Constitution and must be assessed for taxation inaccordance with this section. An antique automobile must be assessed at thelower of its true value or five hundred dollars ($500.00).  (1995, c 512, s 2; 2009‑445,s. 24(a).)