Proposed H.B. No. 5420
Session Year 2023


AN ACT ESTABLISHING A CREDIT AGAINST THE PERSONAL INCOME TAX FOR MOTOR VEHICLE PROPERTY TAXES PAID AND CONCERNING THE ASSESSMENT OF MOTOR VEHICLES.

To (1) establish a credit against the personal income tax for half the amount of motor vehicle property tax paid by an individual to a municipality, and (2) prohibit municipalities from assessing a motor vehicle at a higher value than the previous tax year.


Other Bills with Similar Topics

  Income tax credits (State) 

  Property tax on motor vehicles