Minnesota Legislature
HF 4187
as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am
Current Version - as introduced
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A bill for an act
relating to taxation; motor vehicle sales; modifying the tax and qualifying rules
for older passenger vehicles; amending Minnesota Statutes 2004, sections
297B.02, subdivision 2; 297B.025, subdivision 1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2004, section 297B.02, subdivision 2, is amended to read:
Subd. 2.
In lieu tax for older passenger automobile.
In lieu of the tax imposed in
subdivision 1, there is imposed a tax of deleted text begin $10deleted text end new text begin $18new text end on the purchase price of any passenger
automobile described in section 297B.025, subdivision 1.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for sales made after June 30, 2006.
new text end
Sec. 2.
Minnesota Statutes 2004, section 297B.025, subdivision 1, is amended to read:
Subdivision 1.
Noncollector vehicle.
Purchase or use of a passenger automobile
as defined in section 168.011, subdivision 7, shall be taxed pursuant to section 297B.02,
subdivision 2, if the passenger automobile (1) is in the tenth or subsequent year of vehicle
life, and (2) does not have a resale value of deleted text begin $3,000deleted text end new text begin $5,500new text end or more, as determined using
nationally recognized sources of information on automobile resale values, as designated
by the registrar of motor vehicles.
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective for sales made after June 30, 2006.
new text end