AN ACT ESTABLISHING A SURCHARGE ON HIGH-VALUE RECREATIONAL VESSELS AND CONCERNING THE USE OF THE REVENUE GENERATED.

Plain English Breakdown

The specific definition of 'high-value' (e.g., price threshold) is not included in the provided excerpts.

HB05129: Surcharge on High-Value Boats for Car Tax Relief

This bill creates a new fee on expensive recreational boats and uses the money collected to reduce or remove property taxes on cars.

What This Bill Does

• Amends Title 12 of the general statutes to add a surcharge.
• Applies this surcharge specifically to high-value recreational vessels.
• Collects revenue from the new boat fee.
• Dedicates that collected money to reducing and eliminating property taxes on motor vehicles.

Who It Names or Affects

• Owners of high-value recreational vessels who must pay the surcharge.
• Motor vehicle owners whose property taxes may be reduced or eliminated.

Terms To Know

Surcharge

An extra fee added to a standard cost or tax.

High-value recreational vessels

Expensive boats used for leisure activities, though the specific price limit is not defined in this text.

Limits and Unknowns

• The bill does not state how much money will be collected from the surcharge.
• The exact dollar amount or percentage of the new fee on boats is not listed here.
• The timeline for when car property taxes will fully disappear is not provided.

Official Summary Text

To establish a surcharge on high-value recreational vessels and dedicate the revenue generated from such surcharge to reducing and eliminating the property tax on motor vehicles.

Current Bill Text

LCO No. 912 1 of 1

General Assembly Proposed Bill No. 5129
February Session, 2026 LCO No. 912

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
REP. SIMMS, 140th Dist.
REP. DOUCETTE, 13th Dist.

AN ACT ESTABLISHING A SURCHARGE ON HIGH-VALUE
RECREATIONAL VESSELS AND CONCERNING THE USE OF THE
REVENUE GENERATED.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That title 12 of the general statutes be amended to establish a 1
surcharge on high -value recreational vessels and dedicate the revenue 2
generated from such surcharge to reducing and eliminating the 3
property tax on motor vehicles. 4
Statement of Purpose:
To establish a surcharge on high-value recreational vessels and dedicate
the revenue generated from such surcharge to reducing and eliminating
the property tax on motor vehicles.