SF 2693

as introduced - 80th Legislature (1997 - 1998) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to motor vehicles; increasing minimum value 
  1.3             of passenger automobiles classified as above-market 
  1.4             vehicles for motor vehicle sales tax purposes; 
  1.5             amending Minnesota Statutes 1996, section 297B.025, 
  1.6             subdivision 1. 
  1.7   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.8      Section 1.  Minnesota Statutes 1996, section 297B.025, 
  1.9   subdivision 1, is amended to read: 
  1.10     Subdivision 1.  [NONCOLLECTOR VEHICLES.] Purchase or use of 
  1.11  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. 
  1.17     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 $9,000 or more, as determined using nationally recognized 
  1.23  sources of information on automobile resale values.  The 
  1.24  registrar shall revise the list by February 1 of each year.  The 
  1.25  initial list and all subsequent revisions must include only 
  1.26  those automobiles which are in the tenth or subsequent year of 
  2.1   vehicle life.