MN HF3111

Reduces vehicle registration tax rates for passenger automobiles and hearses from 1.25% to 0.93% for vehicles registered before November 16, 2020, and from 1.285% to 0.965% for vehicles registered on or after that date.

Eliminates the destination charge from registration tax calculations for vehicles registered on or after November 16, 2020.

Changes the deposit of motor vehicle repair and replacement parts sales tax revenues from a fixed monthly amount of $12,137,000 to crediting all such revenues to the highway user tax distribution fund.

Effective date for registration tax changes is January 1, 2024, and effective date for revenue deposit changes is July 1, 2023.