as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am
Engrossments | ||
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Introduction | Posted on 01/29/1998 |
1.1 A bill for an act 1.2 relating to taxation; allowing small lessors of motor 1.3 vehicles to opt out of the fee in lieu of registration 1.4 tax; amending Minnesota Statutes 1996, section 1.5 297A.135, subdivision 4. 1.6 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.7 Section 1. Minnesota Statutes 1996, section 297A.135, 1.8 subdivision 4, is amended to read: 1.9 Subd. 4. [EXEMPTIONEXEMPTIONS.] (a) The tax and the fee 1.10 imposed by this section do not apply to a lease or rental of (1) 1.11 a vehicle to be used by the lessee to provide a licensed taxi 1.12 service; (2) a hearse or limousine used in connection with a 1.13 burial or funeral service; or (3) a van designed or adapted 1.14 primarily for transporting property rather than passengers. 1.15 (b) The tax and the fee imposed by this section do not 1.16 apply if: 1.17 (1) the lessor either (i) leases during the calendar year 1.18 no more than ... registered vehicles or (ii) had during the 1.19 previous calendar year no more than $....... in gross receipts 1.20 that would otherwise, except for the exemption provided by this 1.21 paragraph, have been subject to tax under this section; and 1.22 (2) the lessor pays the registration tax under chapter 168. 1.23 Sec. 2. [EFFECTIVE DATE.] 1.24 Section 1 is effective for vehicles registered after June 1.25 30, 1998.