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MN HF1113

Bill

Official Source

Status

Introduced

2/13/2017

Primary Sponsor

Joe Schomacker

Click for details

Origin

House of Representatives

90th Legislature 2017-2018

AI Summary

  • Increases the resale value threshold for the sales tax exemption on older passenger automobiles from $3,000 to $5,000
  • Exemption applies only to vehicles in their tenth year of life or older that do not meet the resale value threshold
  • Effective July 1, 2017, for all sales and purchases on or after that date
  • Amends Minnesota Statutes 2016, section 297B.025, subdivision 1

Legislative Description

Passenger automobile sales tax exemption modified.

Last Action

Introduction and first reading, referred to Transportation Finance

2/13/2017

Committee Referrals

Transportation Finance2/13/2017

Full Bill Text

No bill text available