AN ACT ELIMINATING THE HIGHER SALES AND USE TAXES RATE FOR CERTAIN MOTOR VEHICLES.

Plain English Breakdown

The official source material does not provide details on potential impacts on car dealers or the exact financial implications for buyers and the government.

Lowering Taxes on Car Sales

This act eliminates a higher tax rate for buying cars that cost less than $100,000.

What This Bill Does

• Changes the law to eliminate a higher tax rate for motor vehicles with a sales price of less than one hundred thousand dollars.

Who It Names or Affects

• People buying cars under $100,000 will pay less in taxes.

Terms To Know

Sales and use tax

A tax charged on goods when they are bought or used.

Threshold

The point at which something begins to happen, like a price limit for taxes.

Limits and Unknowns

• It does not specify what happens if the car costs exactly $100,000.
• Does not mention how much money this change will save buyers or cost the government.

Official Summary Text

To eliminate the higher sales and use taxes rate for motor vehicles with a sales price of less than one hundred thousand dollars.

Current Bill Text

LCO No. 174 1 of 1

General Assembly Proposed Bill No. 5015
February Session, 2026 LCO No. 174

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. CARPINO, 32nd Dist.

AN ACT ELIMINATING THE HIGHER SALES AND USE TAXES RATE
FOR CERTAIN MOTOR VEHICLES.
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 one hundred 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 eliminate the higher sales and use taxes rate for motor vehicles with
a sales price of less than one hundred thousand dollars.