6. After section 60 of the Principal Act the following section is inserted:
“60A. (1) Tax is not payable on the registration of a veteran, vintage or historic vehicle if—
(a) the vehicle had not been registered under the Motor Traffic Act or a corresponding law during the 2 years immediately preceding the registration;
(b) the registration is the first registration of the vehicle after its restoration; and
(c) upon registration the vehicle is allocated number-plates that carry the words ‘veteran car', ‘vintage car' or ‘historic car'.
(a) within the period of 3 years immediately following a registration that is exempt from tax under subsection (1) the relevant vehicle is again registered under the Motor Traffic Act;
(b) the vehicle is owned by the person who owned it at the time of the registration referred to in subsection (1); and
(c) on the further registration the vehicle is allocated number-plates that do not carry the words ‘veteran car', ‘vintage car' or ‘historic car';
there is payable, on the first such further registration, an amount of tax equal to the tax that would have been payable on the first registration of the vehicle after its restoration if subsection (1) had not been applicable.
“(3) In this section ‘veteran vehicle', ‘vintage vehicle' and ‘historic vehicle' have the same respective meanings as they have in the Motor Traffic Act.”.