AN ACT CONCERNING A UNIFORM STATE-WIDE PROPERTY TAX RATE FOR MOTOR VEHICLES.

HB 5612 would replace local property taxes on motor vehicles with a single statewide tax rate. Vehicle owners would pay this uniform tax instead of varying municipal rates, and the collected revenue would be redistributed to towns and cities based on their current vehicle tax collections. The bill aims to eliminate disparities in vehicle tax rates across municipalities while maintaining existing funding levels for local governments. This change directly affects all vehicle owners in the state and the municipalities that currently collect these taxes.