Connecticut Law Will Halt Hefty Tax on Commercial Vehicles

On July 1, Connecticut Gov. Ned Lamont approved Senate Bill No. 501, a broad measure that thwarts a doubled tax rate scenario for commercial vehicles. (vitpho/Getty Images)

Commercial vehicle owners in Connecticut will be protected from a doubled tax rate that would have happened in October but was avoided due to a recently enacted law by Gov. Ned Lamont.

A threat of a spike in commercial motor vehicle taxes for businesses was linked to a 2022 law that would have made commercial motor vehicles become personal property of a business instead of it being categorized as a motor vehicle under state tax laws.

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