- 7
Wednesday, March 27, 1974
TRANSPORT TAX PROPOSALS MODIFIED
Revised Fees Effective Retrospectively From Feb. 27
***
Some relief for motorists was announced by the Financial Secretary
today when he presented a modified version of his original budget proposals
for higher taxes on road users.
The effect of the revised increases will reduce by $9.5 million
the yield from the original revenue proposals, and lead to a smaller
estimated surplus of only $12 million instead of the $21 million surplus
forecast for the coming financial year.
In the case of vehicle licences, Mr. Philip Haddon-Cave, introduced
a new standard of fees for cars of all classifications by increasing
the present six rates for private cars by 176 per cent.
Rounding off to the nearest $50 and maintaining a reasonable
progression, the rates will be:
$ 350 for care of up to 1000 c.c.
$ 500 for cars of up to 1500 c.c.
$ 750 for cars of up to 2500 c.c.
$1,000 for cars of up to 3500 c.c.
$1,250 for cars of up to 4500 c.c.
$1,500 for cars over 4500 c.c.
These new rates are expected to bring in an extra $49 million
in revenue' $3 million less than the increase from the Financial Secretary's
original proposals.
The new rates