1.1 	A bill for an act
1.2 	relating to motor vehicles; taxation; modifying a sales tax exemption for certain 
1.3 	passenger automobiles;amending Minnesota Statutes 2014, section 297B.025, 
1.4 	subdivision 1.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2014, section 297B.025, subdivision 1, is amended to 
1.7 	read:
1.8 		Subdivision 1.Noncollector vehicle. Purchase or use of a passenger automobile as 
1.9 	defined in section 168.002, subdivision 24, shall be taxed pursuant to section 297B.02, 
1.10 	subdivision 2, if the passenger automobile (1) is in the tenth or subsequent year of vehicle 
1.11 	life, and (2) does not have a resale value of $3,000 $4,000 or more, as determined using 
1.12 	nationally recognized sources of information on automobile resale values, as designated 
1.13 	by the registrar of motor vehicles.

1.14 	EFFECTIVE DATE. This section is effective July 1, 2015, and applies to sales and 
1.15 	purchases on or after that date.