for those too lazy to click the link...
Certain vehicles are exempt from inspections, but they do vary, so be sure to check what is required for yours.
To be classified as a "collector vehicle" you need to apply when you register and make sure that the vehicle:
1. Is not registered as a "historic vehicle" or a "street rod"
2. Is not driven more than 3,000 miles per year (proof available at odometer
3. Is insured as a limited use "collector vehicle"
Info found here....
So i guess what I take from this info is you have to get in touch with your insurance company to switch them over to "collector insurance" then reregister your car with the state as "collector". Than every year you have to take it to the inspection station, NOT for any emmisions test though, just so they can see you have not driven more then 3,000 miles and make sure your odometer works alright. Sounds like a great deal if its true.