Change motor vehicle taxes, fees, and allocations, provide for a motor vehicle tax supplement, and change local system formula resources under the Tax Equity and Educational Opportunities Support Act

Summary

The measure revises how motor vehicle tax dollars are split among counties, schools and municipalities and updates the tax schedule based on vehicle age. It also creates a quarterly supplement that adds a fraction of the tax revenue to local school districts. The changes affect vehicle owners, county treasurers, the state treasurer and local education agencies.

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