Introduced by Sen. John Pappageorge (R) on January 30, 2013, to revise various vehicle registration tax details. Among other things, the bill would change the basis on which the car and pickup tax is assessed. Instead of the basis gradually dropping to 72.9 percent of the list price and staying there from the fourth year on, the basis would become 100 percent of the value when new until the car is 10 years old, when it would drop to 50 percent, a change that would extract approximately $64 million annually from owners. The bill would also end the current one-time $75 trailer registration tax, returning to an annual tax on trailers; those who had already paid the one-time tax would be “grandfathered”.
Referred to the Senate Appropriations Committee on January 30, 2013.