as introduced - 90th Legislature (2017 - 2018) Posted on 03/22/2018 10:01am
A bill for an act
relating to taxation; modifying the class of motor vehicles subject to the motor
vehicle sales tax; amending Minnesota Statutes 2016, section 297B.025, subdivision
1.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 297B.025, subdivision 1, is amended to read:
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 (1) is in the tenth or subsequent year of vehicle
life, and (2) does not have a resale value of deleted text begin $3,000deleted text end new text begin $4,000new text end or more, as determined using
nationally recognized sources of information on automobile resale values, as designated by
the registrar of motor vehicles.
new text begin
This section is effective for motor vehicle sales and purchases
made on or after January 1, 2019.
new text end