NEW: State Senator Seeks To Raise Car Tax Exemption
Wednesday, August 31, 2011
State Senator James Sheehan plans to introduce legislation during the 2012 General Assembly session to set the statewide minimum auto excise tax exemption at $3,500.
As part of last year’s state budget adopted by the General Assembly and signed by the governor, the state did away with the $6,000 auto excise tax exemption that was uniformly administered by all cities and towns. Under that exemption, anyone owning an auto that was worth less than $6,000 did not have to pay excise tax on the vehicle; those with vehicles valued higher than $6,000 were taxed by their communities on the amount over that threshold.
Under the new law, cash-strapped cities and towns were allowed to lower the exemption to $500.
“Many community residents who have received their auto tax bills this year have seen a significant hike in what they owe. Some auto owners who paid no tax last year are facing a tax bill this year,” Sheehan said. “It is hard to fault cities and towns for doing this, since they are all facing their own financial problems. But this is just a horrible time to be adding to the tax burden of our residents, especially in those communities that have decided to set the exemption at its lowest allowable point of $500.”
He continued: In light of the pressure this tax has placed on working class Rhode Islanders, the state needs to take action,” said Senator Sheehan. “Allowing cities and towns to lower the exemption from $6,000 to $500 is just too enormous a change all at once. The $500 exemption threshold is just too low.”
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Comments:
anthony sionni
4:14pm on Wednesday, August 31, 2011
http://www.facebook.com/groups/repealcartax/
http://www.facebook.com/groups/250309794992577/
http://www.facebook.com/event.php?eid=204547672937749
anthony sionni
4:32pm on Wednesday, August 31, 2011
I think the whole tax should be repealed. We are being taxed to death in this state. Eliminating the tax would add more money to peoples pockets and allow them to spend it where they wish. Also it would be an incentive for people to purchase new or newer vehicles, but not having to pay this tax.
The valuations are way off and need to be changed as well, saying my 2001 ford is worth nearly 4,000 bucks when its has high mileage and other issues, I am lucky to get 500 bucks for it. I foresee a lawsuit coming from someone soon.
Click on the links in my groups above that I posted, protest at Prov. city hall on sept. 15 6pm to 8 pm, see you there
anthony sionni
4:41pm on Wednesday, August 31, 2011
theres a warwick protest to on sept. 12 at city hall in warwick 5 pm
heres the link http://www.facebook.com/event.php?eid=175823329156509
jerry sahagian
5:07pm on Wednesday, August 31, 2011
How does Senator school teacher propose to replace the revenue? I know!! Let's raise Real Estate Taxes!! Come on. Property owners pay enough!!
john paycheck
9:13pm on Wednesday, August 31, 2011
sheehan has always tried to masquarade as the hero of the taxpayer....
but i think the taxpayers are starting to read between the lines......i mean , he is a schoool teacher.....