S.F. No. 2573 Summary

• Imposes a flat $10 tax in lieu of sales tax on motorcycles in their tenth or subsequent year of vehicle life with a resale value under $3,000.

• Applies the $10 flat tax to older passenger automobiles meeting the same age and resale value criteria.

• Imposes a flat $150 tax in lieu of sales tax on motorcycles registered as collector vehicles under Minnesota motor vehicle registration classifications.

• Extends collector vehicle tax treatment to motorcycles registered under section 168.105, subjecting them to the $150 flat tax instead of full excise tax.

• Requires vehicles subsequently re-registered outside collector classifications within one year to pay the full excise tax retroactively.