Motor vehicle registration tax modification

Summary

The bill revises the percentage of a vehicle’s MSRP used to compute the registration tax, lowering the rate for both older and newer registrations and setting a decreasing schedule over the first ten years of a vehicle’s life. It also caps the tax at $20 after the tenth year and excludes accessories and most destination charges. The changes apply to passenger automobiles and hearses for registration periods beginning on or after Jan. 1, 2027.

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

Topics

Share