Minnesota SF3669 modifies motor vehicle registration tax calculations.

Minnesota SF3669 amends the motor vehicle registration tax by adjusting the percentage of the manufacturer's suggested retail price used in tax calculations for passenger automobiles and hearses. The bill specifies the method for determining the manufacturer's suggested retail price and outlines a declining percentage of this price for tax calculation over the vehicle's first ten years. For vehicles registered before November 16, 2020, a destination charge is included. The changes apply to taxes and fees payable for registration periods starting on or after January 1, 2027.

Minnesota SF3669 modifies motor vehicle registration tax calculations.

Minnesota SF3669 amends the motor vehicle registration tax by adjusting the percentage of the manufacturer's suggested retail price used in tax calculations for passenger automobiles and hearses. The bill specifies the method for determining the manufacturer's suggested retail price and outlines a declining percentage of this price for tax calculation over the vehicle's first ten years. For vehicles registered before November 16, 2020, a destination charge is included. The changes apply to taxes and fees payable for registration periods starting on or after January 1, 2027.