MN SF3690

Increases the resale value threshold for noncollector vehicles from $3,000 to $4,000 to qualify for exemption from motor vehicle sales tax.

Applies only to passenger automobiles that are in the tenth or subsequent year of vehicle life and meet the revised resale value requirement.

Effective for motor vehicle sales and purchases made on or after January 1, 2019.

Amends Minnesota Statutes 2016, section 297B.025, subdivision 1.