AN ACT CONCERNING THE SALES PRICE THRESHOLD OF MOTOR VEHICLES SUBJECT TO A HIGHER SALES AND USE TAXES RATE.

Plain English Breakdown

The exact previous threshold before this change is not provided in the official source material.

Raising the Price Limit for Higher Car Taxes

This act increases the threshold at which cars are subject to higher sales and use tax rates, setting it above $75,000.

What This Bill Does

• Changes the law so that cars priced over $75,000 must pay a higher sales and use tax rate.

Who It Names or Affects

• People who buy or sell cars priced over $75,000 will be affected by the new tax rate.
• The state government collects more taxes from car sales above this price point.

Terms To Know

Sales and use taxes

Taxes that are added to the cost of buying goods or services, including cars.

Threshold

The minimum amount at which something starts to apply, like a tax rate for car prices above a certain level.

Limits and Unknowns

• The exact current threshold before the change is not specified in the bill.
• It's unclear how this will affect state revenue or consumer behavior regarding expensive cars.

Official Summary Text

To increase to more than seventy-five thousand dollars the sales price threshold for a motor vehicle subject to the seven and three-fourths per cent sales and use taxes rate.

Current Bill Text

LCO No. 286 1 of 1

General Assembly Proposed Bill No. 5005
February Session, 2026 LCO No. 286

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. CANDELORA V., 86th Dist.
REP. O'DEA, 125th Dist.
REP. RUTIGLIANO, 123rd Dist.
REP. ACKERT, 8th Dist.
REP. ZUPKUS, 89th Dist.
REP. ZAWISTOWSKI, 61st Dist.
REP. CARNEY, 23rd Dist.

AN ACT CONCERNING THE SALES PRICE THRESHOLD OF MOTOR
VEHICLES SUBJECT TO A HIGHER SALES AND USE TAXES RATE.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That chapter 219 of the general statutes be amended to increase to 1
more than seventy-five thousand dollars the sales price threshold for a 2
motor vehicle subject to the seven and three -fourths per cent sales and 3
use taxes rate. 4
Statement of Purpose:
To increase to more than seventy -five thousand dollars the sales price
threshold for a motor vehicle subject to the seven and three-fourths per
cent sales and use taxes rate.