Controversial Passenger Vehicle Tax Moves to Ways and Means

Last week (May 25th), the Joint Tax Committee moved HB 2342 out of committee to Ways & Means. Adopting the -9 amendments, the bill caused multiple members of the committee to express concerns. The bill has a 3/5ths requirement to pass both floors – i.e., if signed into law, will implement a new tax. The proposed tax and fee structure…

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