Expands in lieu tax on older passenger automobiles and collector vehicles to include motorcycles.

The bill amends Minnesota Statutes to expand the in lieu tax on older passenger automobiles and collector vehicles to include motorcycles. The tax applies to motorcycles in the tenth or subsequent year of vehicle life with a resale value of less than $3,000. The tax rate for these older motorcycles is $10. Collector vehicles, including motorcycles, are taxed at a rate of $150. These tax changes will be effective for sales and purchases made after June 30, 2025.

Expands in lieu tax on older passenger automobiles and collector vehicles to include motorcycles.

The bill amends Minnesota Statutes to expand the in lieu tax on older passenger automobiles and collector vehicles to include motorcycles. The tax applies to motorcycles in the tenth or subsequent year of vehicle life with a resale value of less than $3,000. The tax rate for these older motorcycles is $10. Collector vehicles, including motorcycles, are taxed at a rate of $150. These tax changes will be effective for sales and purchases made after June 30, 2025.