Motor vehicle registration tax modified.

Summary

The bill revises how registration taxes are calculated for passenger automobiles and hearses, reducing the percentage of the manufacturer's suggested retail price (MSRP) applied and capping the tax at $20 after the tenth year. It also changes the method for determining MSRP, excludes accessories and most destination charges, and sets new rates based on the vehicle’s age. The changes become effective for registration periods beginning on or after January 1, 2027.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share