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

Plain English Breakdown

The effective date is not provided in the source material.

Raising the Price Limit for Higher Car Sales Tax

This bill changes the law so that cars costing more than $75,000 must pay a higher sales and use tax rate.

What This Bill Does

• Increases the price limit to more than seventy-five thousand dollars.
• Applies this new limit to motor vehicles subject to the seven and three-fourths percent tax rate.
• Amends chapter 219 of the general statutes.

Who It Names or Affects

• People who buy or use motor vehicles priced above seventy-five thousand dollars

Terms To Know

Sales price threshold

The specific dollar amount where a higher tax rate begins to apply.

Seven and three-fourths per cent sales and use taxes rate

A tax of 7.75 percent charged on the purchase or use of certain motor vehicles.

Limits and Unknowns

• The bill text does not state when this change will take effect.
• The source material does not explain how much revenue this change might bring in.

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.