AN ACT CONCERNING THE HIGHER SALES AND USE TAXES RATE APPLICABLE TO CERTAIN MOTOR VEHICLES.

SB 103 raises the sales price threshold for vehicles subject to a higher 7.75% sales tax rate from $75,000 to over $75,000. It also exempts commercial vehicles entirely from this higher tax rate. The bill affects luxury car buyers (those purchasing vehicles above the new threshold) and commercial vehicle operators (who no longer face the elevated rate). The key change modifies how the tax applies by increasing the price cutoff and removing commercial vehicles from the higher rate category. This is a direct policy adjustment to the tax structure for certain motor vehicles.