Bill > S1450

This bill proposes to eliminate the motor vehicle excise tax, which is a tax on the privilege of registering a motor vehicle, for vehicles that are five years old or older. Currently, the law allows for a reduction in this tax over time, with a 10% reduction applied in the fifth and subsequent years of a vehicle's registration. This bill would remove that 10% reduction and instead state that no excise tax is due for vehicles in their fifth year and beyond, effectively making them exempt from this particular tax.