THANKS TO ALL YOU WA GT40 guys! Your letters/calls really do make a difference. As noted this bill is effective Oct. 1. I would advise those interested in titling/retitling to print out the final bill from SB 5585 - 2011-12
The operative clause for retitling is p. 3, Section 5:
"A vehicle registration issued to a street rod or custom vehicle under this chapter need not be an initial vehicle registration for that vehicle."
I assume the exact procedure for retitling will have to be worked out with DOL before Oct. 1, but may include vehicle inspection or at least proof of year/make of replicated vehicle. My guess is this can't be done at your local licensing office, but will require an appointment with an inspector/ specialist. Also as noted if you choose this option use is limited to car club activities and occasional pleasure driving. As long as you don't use your GT40 as a daily commuter shouldn't be a problem. You will be issued a collector car plate for a one time fee of $35. No more stinkin smog tests and waivers!
Once again THANK YOU!