QUEZON CITY – Vintage car enthusiasts, industry stakeholders, and various government agencies gathered at the historic Presidential Car Museum at the Quezon City Memorial Circle, as the Land Transportation Office officially signed the Implementing Rules and Regulations of RA 11698, also known as the Vintage Vehicle Law .
Some stipulations on the use of Vintage Vehicles include limited driving hours , prohibition to use them as utility vehicles, and commercial use strictly confined to motion pictures or events. Apart from the sentimental and nostalgic spirit of the VVL, it also has some practical features. By recognizing Vintage Vehicles as a subclassification, it allows for certain fiscal and tax incentives in the importation of vintage parts, and the export of finished restored vehicles. “One of the key objectives of this bill is to revitalize the local car restoration industry,” Daza pointed out.
Other Senatorial co-authors present were Sen. Sherwin Gatchalian and Sen. Francis Tolentino. Meanwhile, Congressmen Eric Pineda, Virgilio “VG” Lacson, Jesus “Bong” Suntay, Mike Dy, and Jose “GP” Padiernos; all Congressional co-authors, were also in attendance. Valenzuela Mayor