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Bill > HB05064
CT HB05064
CT HB05064An Act Concerning The Sales Price Threshold Of Motor Vehicles Subject To A Higher Sales And Use Taxes Rate.
summary
Introduced
02/09/2024
02/09/2024
In Committee
02/09/2024
02/09/2024
Crossed Over
Passed
Dead
05/08/2024
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 seeks to increase the sales price threshold for a motor vehicle subject to the 7.75% sales and use taxes rate from the current threshold to more than $75,000. In other words, the bill proposes to raise the price point at which a higher sales tax rate applies to the purchase of a motor vehicle.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding (on 02/09/2024)
Bill Topics
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05064&which_year=2024 | 02/08/2024 |
| BillText | https://www.cga.ct.gov/2024/TOB/H/PDF/2024HB-05064-R00-HB.PDF | 02/08/2024 |
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