Proposed Bill No. 5064, introduced by Representative Carney of the 23rd District, aims to amend chapter 219 of the general statutes to adjust the sales price threshold for motor vehicles that are subject to a higher sales and use tax rate. Specifically, the bill proposes to increase the threshold to more than seventy-five thousand dollars for a motor vehicle to be taxed at the rate of seven and three-fourths percent.

The purpose of this legislative change is to redefine the price point at which higher-end motor vehicles are subjected to the elevated sales and use tax rate. The bill does not include any text for deletion from the current law. If enacted, this would mean that only motor vehicles with a sales price exceeding seventy-five thousand dollars would be taxed at the increased rate of seven and three-fourths percent, potentially altering the tax liabilities for purchasers of such vehicles.