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1540 Updates

A plan to eliminate Rhode Island's unpopular car taxes has been introduced in the state legislature.

Democratic House Speaker Nicholas Mattiello on Tuesday announced his plan for a six-year phase-out of car taxes, which are levied by cities and towns.

Mattiello says it will cost the state about $221 million to fully eliminate the taxes by 2024.

He says the first $26 million cut would happen in the next fiscal year that begins in July by reducing the percent of a car's retail value that can be taxed from 100 to 95 percent.

Mattiello pledged during a hard-fought re-election last year to eliminate car taxes. Democratic Gov. Gina Raimondo has proposed a more modest cut.

The first public hearing is scheduled for next week.

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