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

Plain English Breakdown

The exact new threshold amount above $75,000 is not specified in the provided text.

HB05083: Changes to Sales Tax on Expensive Cars

This bill raises the price limit for a higher car tax and applies that extra tax only to the part of the cost above the new limit.

What This Bill Does

• Increases the sales price threshold for motor vehicles subject to a seven and three-fourths percent tax rate to more than seventy-five thousand dollars.
• Limits the application of this higher tax rate so it applies only to the portion of the vehicle's price that exceeds the new threshold amount.

Who It Names or Affects

• People who buy motor vehicles with a sales price higher than seventy-five thousand dollars

Terms To Know

Sales Price Threshold

The specific dollar amount where the tax rate changes from a lower rate to a higher rate.

Seven and Three-Fourths Percent Rate

A sales or use tax rate of 7.75 percent applied to certain vehicle purchases.

Limits and Unknowns

• The bill text does not state the exact dollar amount for the new threshold, only that it will be more than seventy-five thousand dollars.
• The effective date when these changes begin is not listed in the provided source material.

Official Summary Text

To (1) 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, and (2) limit the application of said rate to the portion of the sales price exceeding the threshold amount.

Current Bill Text

LCO No. 759 1 of 1

General Assembly Proposed Bill No. 5083
February Session, 2026 LCO No. 759

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. BOLINSKY, 106th Dist.

AN ACT CONCERNING THE SALES PRICE THRESHOLD OF MOTOR
VEHICLES SUBJECT TO A HIGHER SALES AND USE TAXES RATE
AND LIMITING THE APPLICATION OF SAID 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 (1) 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, and (2) limit the application of said rate to the portion of 4
the sales price exceeding the threshold amount. 5
Statement of Purpose:
To (1) 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, and (2) limit the application of said rate
to the portion of the sales price exceeding the threshold amount.