Lt. Gov. Bysiewicz highlights car tax cut that aims to save millions for CT families
Lt. Gov. Susan Bysiewicz was with local officials in
Wethersfield Monday morning to highlight the tax cut on vehicles in the state
The lower motor vehicle property tax is part of the state
budget adjustment bill that was recently signed into law.
Officials say the lower car tax will save households in
more than 70 communities around $100 million by capping mill rates at 32.46 and
reimbursing municipalities for the lost revenue.
For example, if a town has a mill rate of 50, car owners
will pay a rate of 32.46 and the state will reimburse that town for the
The car tax cut is part of $600 million in tax cuts that
are included in the fiscal year 2023 state budget.
“The governor’s tax cut package will have a direct
impact on Connecticut residents, municipalities and businesses, especially
medium and small, during a time when they need it most,” said Bysiewicz in
prepared remarks. “At a time when our country is experiencing high levels of
inflation, there is no better time to provide some relief to Connecticut
residents. The dollars saved will allow for more money to be reinvested back
into businesses, benefiting both customers and employees across our state, and
municipalities will be able to use reimbursed revenue to invest back into their
The budget also includes a $250 per-child tax credit,
funding payments for earned income tax credit-eligible households, and an
increase to the property tax credit from $200 to $300.
Also under the new legislation, the state's retail gas tax
has been suspended through the end of November and rides remain free on all
Connecticut public buses through the end of November as well.