Motor vehicle registration tax modified.

Summary

It revises the percentage of a vehicle’s manufacturer suggested retail price used to calculate the registration tax, reducing the rates for vehicles first registered before and after Nov. 16, 2020. The tax is capped at $20 per year after the tenth year and cannot exceed the smallest amount previously paid on a vehicle that was already registered in Minnesota. The changes apply to passenger automobiles and hearses and take effect for registration periods beginning on or after Jan. 1, 2027.

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