Malloy Says Car Tax Proposal Stalled
Connecticut Gov. Dannel P. Malloy says it is unlikely the General Assembly will take up his proposal to slash local taxes on vehicles during this year's legislative session.
The Democrat told reporters on Friday that he's "accepted the reality that it's probably not going to be addressed this year."
Malloy had called for exempting the first $20,000 of a vehicle's assessed value from the local property tax. That would mean someone who owns a car with a market value of under $28,571 would pay no property tax.
But many municipal leaders opposed the idea, predicting it would lead to higher taxes on homeowners and businesses because cities and towns would have to make up the lost revenue.
A legislative commission is currently reviewing car taxes and other municipal fiscal issues.
Copyright 2013 The Associated Press.