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MN SF601
Bill
Status
Introduced
1/27/2025
Primary Sponsor
Bill Lieske
Click for details
AI Summary
- Abolishes all vehicle registration taxes in Minnesota effective July 1, 2026, including taxes on passenger automobiles, motorcycles, trucks, buses, recreational vehicles, and trailers
- Requires general fund transfers to the highway user tax distribution fund: $1,246,061,000 in fiscal year 2027, $1,289,674,000 in fiscal year 2028, and $1,334,812,000 in fiscal year 2029 to replace lost registration tax revenue
- Maintains all vehicle registration requirements, fees, and licensing provisions while eliminating the tax component
- Repeals numerous statutory provisions related to registration tax calculations, including tax schedules based on vehicle weight, value depreciation formulas, and the $75 electric vehicle surcharge
- Directs the revisor of statutes to work with Department of Revenue and Department of Public Safety to identify all affected statutes and prepare technical corrections legislation by March 1, 2026
Legislative Description
Vehicle registration taxes abolishment provision and transfer of money
Last Action
Referred to Transportation
1/27/2025
Committee Referrals
Transportation1/27/2025
Full Bill Text
No bill text available