Connecticut HB05050 raises the sales price threshold for higher sales and use taxes on motor vehicles.
Connecticut HB05050 amends chapter 219 of the general statutes to increase the sales price threshold for a motor vehicle subject to the seven and three-fourths per cent sales and use taxes rate to more than seventy-five thousand dollars. This change affects the tax rate applied to the sale of motor vehicles, impacting consumers purchasing vehicles priced above the new threshold.
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- Legal Framework
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