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MN HF3867

Bill

Official Source

Status

Introduced

3/15/2018

Primary Sponsor

Anna Wills

Click for details

Origin

House of Representatives

90th Legislature 2017-2018

AI Summary

  • Modifies the definition of "noncollector vehicle" exempt from motor vehicle sales tax under Minnesota Statutes 2016, section 297B.025, subdivision 1
  • Increases the resale value threshold from $3,000 to $4,000 for passenger automobiles in their tenth or subsequent year of vehicle life
  • Changes the condition from "does not have" to "has" a resale value of $4,000 or less, making vehicles with resale values of $4,000 or less subject to sales tax
  • Effective for motor vehicle sales and purchases made on or after January 1, 2019
  • Resale value determination uses nationally recognized sources of information on automobile resale values, as designated by the registrar of motor vehicles

Legislative Description

Motor vehicle class subject to the motor vehicle sales tax modified.

Last Action

Committee report, to adopt as amended and re-refer to Transportation Finance

3/21/2018

Committee Referrals

Transportation Finance3/21/2018
Taxes3/15/2018

Full Bill Text

No bill text available