SF 4505

as introduced - 93rd Legislature (2023 - 2024) Posted on 03/05/2024 08:59am

A bill for an act
relating to transportation; extending time to register and pay applicable taxes
following purchase of a motor vehicle; amending Minnesota Statutes 2022, sections
168.092; 168A.11, subdivision 1.

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

Section 1.

Minnesota Statutes 2022, section 168.092, is amended to read:

168.092 deleted text begin 21-DAY deleted text end new text begin 60-DAY new text end TEMPORARY VEHICLE PERMIT.

Subdivision 1.

Resident buyer.

The motor vehicle registrar may issue a permit to a
person purchasing a new or used motor vehicle in this state for the purpose of allowing the
purchaser a reasonable time to register the vehicle and pay fees and taxes due on the transfer.
The permit is valid for a period of deleted text begin 21 deleted text end new text begin 60 new text end days. The permit must be in a form as the registrar
may determine, affixed to the rear of the vehicle where a license plate would normally be
affixed, and plainly visible. Each permit is valid only for the vehicle for which issued.

Subd. 2.

Dealer.

The registrar may issue permits to licensed dealers. When issuing a
permit, the dealer shall complete the permit in the manner prescribed by the department.

Sec. 2.

Minnesota Statutes 2022, section 168A.11, subdivision 1, is amended to read:

Subdivision 1.

Requirements upon subsequent transfer; service fee.

(a) A dealer who
buys a vehicle and holds it for resale need not apply for a certificate of title. Upon transferring
the vehicle to another person, other than by the creation of a security interest, the dealer
shall promptly execute the assignment and warranty of title by a dealer, showing the names
and addresses of the transferee and of any secured party holding a security interest created
or reserved at the time of the resale, and the date of the security agreement in the spaces
provided therefor on the certificate of title or secure reassignment.

(b) If a dealer elects to apply for a certificate of title on a vehicle held for resale, the
dealer need not register the vehicle but shall pay one month's registration tax. If a dealer
elects to apply for a certificate of title on a vehicle held for resale, the department shall not
place any legend on the title that no motor vehicle sales tax was paid by the dealer, but may
indicate on the title whether the vehicle is a new or used vehicle.

(c) With respect to motor vehicles subject to the provisions of section 325E.15, the dealer
shall also, in the space provided therefor on the certificate of title or secure reassignment,
state the true cumulative mileage registered on the odometer or that the exact mileage is
unknown if the odometer reading is known by the transferor to be different from the true
mileage.

(d) The transferee shall complete the application for title section on the certificate of
title or separate title application form prescribed by the department. The dealer shall mail
or deliver the certificate to the registrar or deputy registrar with the transferee's application
for a new certificate and appropriate taxes and fees, within deleted text begin ten business deleted text end new text begin 30 new text end days.

(e) With respect to vehicles sold to buyers who will remove the vehicle from this state,
the dealer shall remove any license plates from the vehicle, issue a 31-day temporary permit
pursuant to section 168.091, and notify the registrar within 48 hours of the sale that the
vehicle has been removed from this state. The notification must be made in an electronic
format prescribed by the registrar. The dealer may contract with a deputy registrar for the
notification of sale to an out-of-state buyer. The deputy registrar may charge a fee of $7 per
transaction to provide this service.