Bill > H2522

This bill proposes to change how the value of motor vehicles is determined for the purpose of calculating the automobile excise tax, which is a tax levied on the ownership of vehicles. Specifically, it amends Chapter 60A, Section 1 of the General Laws by replacing the current method of valuation with a new requirement: the value of the motor vehicle will now be considered its actual purchase price, and this price must be supported by a sworn written statement from the seller. This change aims to ensure that the excise tax is based on the real cost of the vehicle to the owner.