HF 1337

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; motor vehicle sales tax; 
  1.3             expanding the definition of motor vehicles that 
  1.4             qualify for the in lieu tax on older passenger 
  1.5             automobiles; amending Minnesota Statutes 1998, section 
  1.6             297B.025, subdivision 1. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1998, section 297B.025, 
  1.9   subdivision 1, is amended to read: 
  1.10     Subdivision 1.  [NONCOLLECTOR VEHICLE.] (a) Purchase or use 
  1.11  of a passenger automobile as defined in section 168.011, 
  1.12  subdivision 7, shall be taxed pursuant to section 297B.02, 
  1.13  subdivision 2, if the passenger automobile is (1) in the tenth 
  1.14  or subsequent year of vehicle life, and (2) is not an 
  1.15  above-market automobile as designated by the registrar of motor 
  1.16  vehicles under paragraph (b). 
  1.17     (b) The registrar of motor vehicles shall prepare, and 
  1.18  distribute to all deputy motor vehicle registrars by July 15, 
  1.19  1985, a listing by make, model, and year of above-market 
  1.20  automobiles.  Except as provided by subdivision 2, the registrar 
  1.21  must include in the list all automobiles with a resale value of 
  1.22  $3,000 or more equal to or greater than the value calculated in 
  1.23  paragraph (c), as determined using nationally recognized sources 
  1.24  of information on automobile resale values.  The registrar shall 
  1.25  revise the list by February 1 of each year.  The initial list 
  1.26  and all subsequent revisions must include only those automobiles 
  2.1   which are in the tenth or subsequent year of vehicle life. 
  2.2      (c) For taxes paid for the 12-month period beginning 
  2.3   February 1, 2000, the value used in determining whether an 
  2.4   automobile is an above-market automobile is $6,000.  In 2001 and 
  2.5   subsequent years, for each 12-month period beginning on February 
  2.6   1, the value used is (1) the value used in the previous 12-month 
  2.7   period multiplied by (2) one plus the annual increase in the 
  2.8   consumer price index for urban consumers for the most recently 
  2.9   available calendar year, as prepared by the United States Bureau 
  2.10  of Labor Statistics. 
  2.11     Sec. 2.  [EFFECTIVE DATE.] 
  2.12     Section 1 is effective for purchases made after January 30, 
  2.13  2000.