Minnesota HF5148 modifies motor vehicle registration tax and provides a rebate for certain vehicle owners.

Minnesota HF5148 amends the motor vehicle registration tax by adjusting the percentage of the manufacturer's suggested retail price used in the tax calculation over the vehicle's life. It also provides a registration tax rebate for eligible vehicle owners, calculated as the lesser of $150 or 20 percent of the total amount paid. The bill appropriates funds for this rebate and requires the commissioner of employment and economic development to issue the rebate payments.

Minnesota HF5148 modifies motor vehicle registration tax and provides a rebate for certain vehicle owners.

Minnesota HF5148 amends the motor vehicle registration tax by adjusting the percentage of the manufacturer's suggested retail price used in the tax calculation over the vehicle's life. It also provides a registration tax rebate for eligible vehicle owners, calculated as the lesser of $150 or 20 percent of the total amount paid. The bill appropriates funds for this rebate and requires the commissioner of employment and economic development to issue the rebate payments.