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Bill > H2695


MA H2695

MA H2695
Eliminating the motor vehicle excise tax in the eighth and succeeding years


summary

Introduced
01/20/2015
In Committee
01/20/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

Relative to the calculation of motor vehicle excise taxes. Revenue.

AI Summary

This bill proposes to amend the calculation of motor vehicle excise taxes by changing the percentage of the vehicle's value that is taxed each year. Currently, the tax rate decreases over time, and this bill would eliminate the excise tax entirely starting in the eighth year of a vehicle's life, meaning owners would pay no motor vehicle excise tax on vehicles that are eight years old or older. The motor vehicle excise tax is an annual tax levied by cities and towns on registered motor vehicles, typically based on the vehicle's value.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Accompanied a study order, see H4639 (on 09/26/2016)

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