IntroducedFiled Apr 7, 2026
Sponsor: Anderson, P. E.
Latest Action
Introduction and first reading, referred to Transportation Finance and Policy
Apr 7, 2026
Summary
The bill lowers the percentage of a vehicle’s manufacturer‑suggested retail price (MSRP) used to calculate the registration tax and sets a new yearly depreciation schedule. It applies to passenger automobiles and hearses, with different base percentages for vehicles first registered before or after November 16 2020. The changes take effect for registration periods beginning on or after January 1 2027.
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