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 previous threshold amount is not specified in the official source material.

Raising the Price Limit for Higher Car Taxes

This act changes how much car buyers pay in taxes by raising the price limit that triggers higher tax rates and limiting those higher rates to only apply to prices above this new limit.

What This Bill Does

• Increases the sales price threshold for cars subject to a seven and three-fourths percent (7.75%) tax rate to more than $75,000.
• Limits the application of the seven and three-fourths percent (7.75%) tax rate to only the portion of the car's price that is above $75,000.

Who It Names or Affects

• Car buyers and sellers whose vehicles cost more than $75,000.
• State tax collectors who will apply different tax rates based on car prices.

Terms To Know

Sales price threshold

The minimum amount a car must cost to be subject to higher sales and use taxes.

Tax rate

The percentage of the sale price that is paid as tax.

Limits and Unknowns

• Does not specify the exact previous threshold amount.
• Only applies to motor vehicles priced above $75,000.
• Requires implementation by state tax authorities.

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.