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Proposed phased reduction in motor-vehicle excise tax draws opposition from cities and counties
Summary
Representative Keith Kepnick’s proposal to reduce motor-vehicle excise tax rates as vehicles age prompted opposition from city and county officials who warned of lost revenue for infrastructure projects.
Representative Keith Kepnick told the Finance and Taxation Committee House Bill 1436 would create a graduated excise tax schedule for vehicle sales: the current 5 percent rate would remain for the first 10 years of a vehicle’s life, drop to 3 percent after 10 years and to 1 percent after 25 years.
"When you get ... past the 25 year mark, some of these vehicles actually become worth quite a bit of money," Representative Keith…
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