China's top legislature Friday released the full text of a draft law on vehicle and vessel taxation and invited the public to comment on it.

The draft law was reviewed for the first time at the bimonthly session of the National People's Congress (NPC) Standing Committee that ended Thursday.

The draft law reduces taxes on energy-saving and clean energy-powered vehicles and increases taxes on large cars.

The full text of the draft law is available for viewing at www.npc.gov.cn. Public submissions on it will be accepted until Nov. 30.

Passed at an executive meeting of the State Council, China's cabinet, on Oct. 12, the draft law is set to replace the current tax regulations on vehicles and vessels that took effect in 2007.

China has 199 million motor vehicles on its roads, including more than 85 million automobiles. China defines motor vehicles as motorcycles, tractors, trucks and cars.