HF 1713

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/01/2021 04:06pm

A bill for an act
relating to transportation; taxes; modifying the allocation of motor vehicle rental
fee revenue; amending Minnesota Statutes 2020, section 297A.64, subdivision 5.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2020, section 297A.64, subdivision 5, is amended to read:

Subd. 5.

Payment of excess fees.

new text begin (a) new text end On the first sales tax return due following the end
of a calendar year during which a lessor has imposed a fee under subdivision 2, the lessor
shall report to the commissioner of revenue, in the form required by the commissioner, the
amount of the fee collected during the previous year and the amount of motor vehicle
registration taxes paid during the previous year by the lessor under chapter 168 on vehicles
subject to the fee under this section.

new text begin (b) new text end If the amount of the fees collected exceeds the amount of motor vehicle registration
taxes paid, the lessor shall remit the excess to the commissioner of revenue at the time the
report is submitted.

new text begin (c) Notwithstanding paragraph (b), for fee collections in calendar years 2021 through
2025, the lessor may retain any excess fees collected such that the total retained under this
paragraph does not exceed the shortfall amount. For purposes of this paragraph, "shortfall
amount" means the greater of (1) zero, or (2) the total motor vehicle registration taxes paid
in calendar year 2020, less the total collected by the lessor in 2020 from the fee imposed
under subdivision 2.
new text end