Bill > H2975

This bill proposes to amend Section 1 of Chapter 60A of the General Laws, which deals with motor vehicle excise taxes. The key provisions of the bill are: 1) Increasing the excise tax rate from 90% to 95% of the value of the vehicle in the first calendar year. 2) Increasing the excise tax rate from 60% to 70% of the value of the vehicle in the second calendar year. 3) Increasing the excise tax rate from 40% to 45% of the value of the vehicle in the third calendar year. These changes affect the excise tax calculations for motor vehicles, which are an important source of revenue for state and local governments.

Budget and Finance

https://malegislature.gov/Bills/193/H2975