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Bill > HB05042


CT HB05042

CT HB05042
An Act Concerning The Sales Price Threshold Of Motor Vehicles Subject To A Higher Sales And Use Taxes Rate.


summary

Introduced
02/07/2024
In Committee
02/07/2024
Crossed Over
Passed
Dead
05/08/2024

Introduced Session

2024 General Assembly

Bill Summary

To increase to more than seventy-five thousand dollars the sales price threshold for a motor vehicle subject to the seven and three-fourths per cent sales and use taxes rate.

AI Summary

This bill proposes to increase the sales price threshold for a motor vehicle subject to the seven and three-fourths percent sales and use taxes rate from the current level to more than seventy-five thousand dollars. This change would result in more motor vehicles being subject to the higher sales and use taxes rate.

Committee Categories

Budget and Finance

Sponsors (13)

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding (on 02/07/2024)

Bill Topics

Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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