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SF 358

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 09:38am

KEY: stricken = removed, old language.
underscored = added, new language.

Current Version - as introduced

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A bill for an act
relating to transportation; taxation; imposing a flat amount in lieu of sales tax on
certain older motorcycles; amending Minnesota Statutes 2020, sections 297B.02,
subdivisions 2, 3; 297B.025, subdivisions 1, 2.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2020, section 297B.02, subdivision 2, is amended to read:


Subd. 2.

In lieu tax for older passenger automobilenew text begin; motorcyclenew text end.

In lieu of the tax
imposed in subdivision 1, there is imposed a tax of $10 on the purchase price of any passenger
automobile new text beginor motorcycle new text enddescribed in section 297B.025, subdivision 1.

Sec. 2.

Minnesota Statutes 2020, section 297B.02, subdivision 3, is amended to read:


Subd. 3.

In lieu tax for collector vehicle.

In lieu of the tax imposed in subdivision 1,
there is imposed a tax of $150 on the purchase price of a passenger automobilenew text begin, motorcycle, new text end
or a fire truck described in section 297B.025, subdivision 2.

Sec. 3.

Minnesota Statutes 2020, section 297B.025, subdivision 1, is amended to read:


Subdivision 1.

Noncollector vehicle.

Purchase or use of a passenger automobile as
defined in section 168.002, subdivision 24, shall be taxed pursuant to section 297B.02,
subdivision 2
, if the passenger automobile new text beginor motorcycle new text end(1) is in the tenth or subsequent
year of vehicle life, and (2) does not have a resale value of $3,000 or more, as determined
using nationally recognized sources of information on automobile resale values, as designated
by the registrar of motor vehicles.

Sec. 4.

Minnesota Statutes 2020, section 297B.025, subdivision 2, is amended to read:


Subd. 2.

Collector vehicle.

A passenger automobile that is registered under section
168.10, subdivision 1a, 1b, 1c, 1d, or 1h, new text begina motorcycle registered under section 168.105, new text endor
a fire truck registered under section 168.10, subdivision 1c, shall be taxed under section
297B.02, subdivision 3. If the vehicle is subsequently registered in another class not under
section 168.10, subdivision 1a, 1b, 1c, 1d, or 1h, new text beginor section 168.105, new text endwithin one year of the
date of registration under those subdivisions, it shall be subject to the full excise tax imposed
under subdivision 1.