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CT SB00083

Bill

Official Source

Status

Introduced

2/14/2024

Primary Sponsor

Heather Bond Somers

Click for details

Origin

Senate

2024 General Assembly

AI Summary

  • Increase the sales price threshold for motor vehicles subject to the 7.75% sales and use tax rate to more than $65,000
  • Index the sales price threshold to inflation rates to automatically adjust over time
  • Exempt commercial vehicles from the higher 7.75% sales and use tax rate
  • Amend Chapter 219 of the general statutes to implement these changes
  • Referred to the Committee on Finance, Revenue and Bonding

Legislative Description

An Act Concerning The Higher Sales And Use Taxes Rate Applicable To Certain Motor Vehicles.

Last Action

Referred to Joint Committee on Finance, Revenue and Bonding

2/14/2024

Committee Referrals

Finance, Revenue and Bonding2/14/2024

Full Bill Text

No bill text available