Connecticut 2017 Regular Session

Connecticut House Bill HB05198

Introduced
1/5/17  

Caption

An Act Eliminating The Property Tax On Motor Vehicles.

Impact

The elimination of the property tax on motor vehicles is projected to have significant financial implications on state revenue. Supporters argue that the bill will reduce the financial burden on families and individuals who own vehicles, potentially improving their ability to spend on other necessities or invest in local businesses. Proponents of HB 05198 may view this measure as a step towards enhancing personal financial freedom and incentivizing car ownership, which could positively impact related sectors such as automotive sales and maintenance.

Summary

House Bill 05198 aims to eliminate the property tax on motor vehicles in the state. The bill, introduced by Representative Belsito, seeks to amend Chapter 203 of the general statutes, thereby removing the financial obligation that vehicle owners face in terms of property taxes. The primary intent behind this legislation is to provide tax relief for residents, particularly car owners, and to potentially stimulate economic activity by making vehicle ownership more affordable.

Contention

While the bill has been met with enthusiasm among many vehicle owners, it may face opposition from those concerned about the resulting decrease in state revenue that traditionally funds essential services. Critics might argue that eliminating this tax could lead to budget shortfalls for infrastructure and public transportation projects, as property tax on vehicles often contributes to these critical areas. Furthermore, there is a discussion about the equity implications of tax relief measures, especially if the resultant benefits disproportionately favor wealthier individuals who own multiple vehicles.

Companion Bills

No companion bills found.

Previously Filed As

CT HB05192

An Act Eliminating The Property Tax On Motor Vehicles.

CT HB05018

An Act Concerning The Property Tax Credit For Motor Vehicles.

CT HB05172

An Act Concerning The Assessment Of Motor Vehicles For Property Taxation.

CT SB00040

An Act Eliminating Certain Tax Credits And A Carry-forward And Privatizing The Department Of Motor Vehicles.

CT SB00039

An Act Eliminating The Highway Use Tax.

CT HB05042

An Act Concerning The Sales Price Threshold Of Motor Vehicles Subject To A Higher Sales And Use Taxes Rate.

CT HB05038

An Act Eliminating The Highway Use Tax And The Tax On Fuels And Gasohol.

CT HB05033

An Act Eliminating The Highway Use Tax.

CT HB05027

An Act Eliminating The Highway Use Tax.

CT HB05069

An Act Eliminating The Highway Use Tax.

Similar Bills

No similar bills found.