Adjusts vehicle excise tax rates in Massachusetts.

The bill modifies the vehicle excise tax rates in Massachusetts. It increases the tax rate for the first $25,000 of a vehicle's value from 90% to 95%. It also raises the tax rate for the next $25,000 of a vehicle's value from 60% to 70% and for the portion over $50,000 from 40% to 45%. This change affects vehicle owners by altering the amount of tax they pay based on their vehicle's value.

Adjusts vehicle excise tax rates in Massachusetts.

The bill modifies the vehicle excise tax rates in Massachusetts. It increases the tax rate for the first $25,000 of a vehicle's value from 90% to 95%. It also raises the tax rate for the next $25,000 of a vehicle's value from 60% to 70% and for the portion over $50,000 from 40% to 45%. This change affects vehicle owners by altering the amount of tax they pay based on their vehicle's value.