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

Plain English Breakdown

The official source material does not provide information about previous thresholds or the impact on state revenue, so these points were removed.

Raising the Price Limit for Higher Car Taxes

This act raises the sales price threshold at which cars are taxed at a higher rate of seven and three-fourths percent to more than $75,000.

What This Bill Does

• Increases the sales price threshold for motor vehicles subject to a seven and three-fourths percent tax rate to over seventy-five thousand dollars.

Who It Names or Affects

• People who buy or sell motor vehicles priced above $75,000.

Terms To Know

Sales and use tax

A tax charged on the sale of goods and services as well as when those items are used by consumers.

Threshold

The point at which something begins to happen or is required.

Limits and Unknowns

• Does not specify what the previous threshold was.
• Does not provide details on how this change will affect state revenue.

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. 520 1 of 1

General Assembly Proposed Bill No. 5050
February Session, 2026 LCO No. 520

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
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.