The proposed bill, General Assembly Proposed Bill No. 5015, aims to amend chapter 219 of the general statutes by increasing the sales price threshold for motor vehicles that are subject to the higher sales and use tax rate of seven and three-fourths percent. Specifically, the bill seeks to raise this threshold to more than one hundred thousand dollars.

As a result of this amendment, motor vehicles with a sales price of less than one hundred thousand dollars would no longer be subject to the higher tax rate, effectively eliminating it for these vehicles. This change is intended to provide tax relief for consumers purchasing lower-priced motor vehicles.