SF 2716

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

  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.  [EXEMPTION EXEMPTIONS.] (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.