A change in Connecticut’s vehicle tax law is giving the biggest breaks to owners of rare and exotic cars. Under the law, taxes are now based on original retail prices with fixed depreciation—not market value. That means big savings for top-end vehicles. For instance, a Porsche 918 Spyder once assessed at $1.47 million is now valued at just $266,000 for tax purposes—cutting the tax bill by about $14,000. It has resulted in some areas seeing a huge drop in their taxable vehicle list, and now lawmakers admit the shift unintentionally favors collectors and may need tweaking.
Ed Histed
Ed launched his radio career in 1975 and has spent more than five decades in the broadcasting industry. During that time, he has served in a wide range of roles including Air Personality, News Director, Sales Manager, Operations Manager, and General Manager at numerous radio stations in various markets across the country. Beyond on-air and management responsibilities, Ed has also worked extensively on the technical side of broadcasting. His background includes RF engineering and information technology, with particular experience configuring digital automation systems and remote voice-tracking platforms used by stations across the country. Ed was also among a select group of industry professionals invited by Google to its California headquarters following the company’s acquisition of Scott Studios. He was one of just 12 broadcasters nationwide chosen to participate in discussions and provide input during the design and rollout of Google’s digital broadcast automation platform. Although the majority of Ed’s career—spanning roughly four decades—was rooted in music radio, he transitioned into news and information programming in 2012. He says the move into spoken-word broadcasting was a natural evolution after decades of experience in multiple areas of the industry.