Introduced by Sen. Roger Kahn (R) on January 30, 2013, to increase the annual vehicle registration (license plate) tax by approximately 80 percent, with comparable increases for trucks and trailers. As an example, the annual tax on a car with a $20,000 list price would increase from $98 to $176 (in the first year, falling to 72.9 percent of this in the fourth and subsequent years). Under Senate Bill 86, the tax would remain at this level until the vehicle is 10 years old (when it would drop to 50 percent). See also Senate Bills 84 to 87 and Senate Joint Resolution J. Full Text and Analysis.
Referred to the Senate Appropriations Committee on January 30, 2013.