General Assembly Proposed Bill No. 5343
January Session, 2015 LCO No. 341
*00341*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BELSITO, 53rd Dist.
General Assembly
Proposed Bill No. 5343
January Session, 2015
LCO No. 341
*00341*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. BELSITO, 53rd Dist.
AN ACT CONCERNING THE PROPERTY TAX RATE ON OLDER MOTOR VEHICLES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to provide that the property tax on (1) motor vehicles eight years old or older, but less than ten years old, and which have an assessment value of less than ten thousand dollars, be a flat rate in the amount of one hundred dollars per annum, and (2) motor vehicles ten years old or older, and which have an assessment value of less than eight thousand dollars, be a flat rate in the amount of fifty dollars per annum.
Statement of Purpose:
To establish flat property tax rates on motor vehicles eight years old or older that have less than a specified assessment value.