Motor vehicle registration tax modification

Summary

The bill lowers the percentage of a vehicle’s MSRP used to compute the registration tax, sets a flat $20 fee after ten years, and bans counting accessories or destination charges for most vehicles. It also requires the commissioner to calculate the difference between projected and actual tax revenue and move that amount from the general fund to the highway user tax distribution fund each year beginning in 2027. The changes affect owners of passenger automobiles and hearses registering in Minnesota.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share