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Bill > SB00057
CT SB00057
CT SB00057An Act Concerning The Sales Price Threshold Of Motor Vehicles Subject To A Higher Sales And Use Taxes Rate.
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 General Assembly
Bill Summary
To (1) increase to more than sixty-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, and (2) index the sales price to reflect the rate of inflation.
AI Summary
This bill proposes to amend Chapter 219 of the general statutes to adjust the sales and use tax rate for motor vehicles. Currently, a higher tax rate of seven and three-fourths percent applies to motor vehicles with a sales price exceeding a certain threshold. This bill seeks to increase that threshold to more than sixty-five thousand dollars, meaning vehicles costing more than this amount will be subject to the higher tax rate. Additionally, the bill aims to index this sales price threshold to account for inflation, ensuring that the threshold automatically adjusts over time to maintain its real value.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Joint Committee on Finance, Revenue and Bonding (on 02/04/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00057&which_year=2026 |
| BillText | https://www.cga.ct.gov/2026/TOB/S/PDF/2026SB-00057-R00-SB.PDF |
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