SB00045

Connecticut SB00045 raises the sales price threshold for higher sales and use taxes on motor vehicles and exempts commercial vehicles from these.

Connecticut SB00045 amends the sales and use taxes on motor vehicles by raising the sales price threshold for the higher seven and three-fourths per cent tax rate to more than seventy-five thousand dollars. Additionally, the bill exempts commercial vehicles from this higher tax rate. This change affects consumers purchasing motor vehicles above the new threshold and commercial vehicle owners by reducing their tax burden.