CT SB00057

Raises the sales price threshold for motor vehicles subject to the higher 7.75% sales and use tax rate from the current level to more than $65,000

Vehicles priced at or below $65,000 would be taxed at the standard sales tax rate rather than the elevated 7.75% rate

Requires the $65,000 threshold to be indexed annually to reflect the rate of inflation, automatically adjusting the threshold over time

Amends Chapter 219 of the Connecticut General Statutes governing sales and use taxes