AN ACT CONCERNING THE PHASING OUT OF THE MOTOR VEHICLE PROPERTY TAX.

HB 6522 would gradually eliminate the motor vehicle property tax over five years by reducing the tax rate (mill rate) each year. It sets specific caps: 28 mills in year one, 24 in year two, 18 in year three, 11 in year four, and complete elimination in year five. This directly affects vehicle owners in the state who currently pay this tax. The bill amends existing law to implement this phased reduction schedule, with the tax fully phased out by the fifth year.