Minnesota HF5102 modifies the motor vehicle registration tax calculation.

Minnesota HF5102 amends the motor vehicle registration tax calculation by basing it on the manufacturer's suggested retail price of the vehicle, excluding optional equipment and destination charges. The tax rate decreases annually over the first ten years of vehicle ownership, with a fixed rate for subsequent years. The bill also specifies how the registrar should determine the vehicle's retail price. This change takes effect for registration periods starting on or after January 1, 2027.

Minnesota HF5102 modifies the motor vehicle registration tax calculation.

Minnesota HF5102 amends the motor vehicle registration tax calculation by basing it on the manufacturer's suggested retail price of the vehicle, excluding optional equipment and destination charges. The tax rate decreases annually over the first ten years of vehicle ownership, with a fixed rate for subsequent years. The bill also specifies how the registrar should determine the vehicle's retail price. This change takes effect for registration periods starting on or after January 1, 2027.