HB05015

Connecticut HB05015 eliminates the higher sales and use taxes rate for motor vehicles priced under $100,000.

Connecticut HB05015 amends the general statutes to raise the sales price threshold for motor vehicles subject to the seven and three-fourths per cent sales and use taxes rate. This change exempts vehicles priced under $100,000 from the higher tax rate, affecting consumers purchasing these vehicles. The bill aims to reduce the tax burden on buyers of less expensive motor vehicles.