Motor vehicle registration tax modified, registration tax rebate provided, and money appropriated.

This bill changes how the state calculates the registration tax for passenger cars and hearses, introducing a new tax devaluation schedule based on the vehicle's age and original price. It also creates a rebate program for certain vehicle owners who meet specific income and registration criteria, offering them a payment of up to $150 or 20% of their registration tax. These changes would take effect for registration periods starting on or after January 1, 2027.

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