Minnesota SF5219 modifies the motor vehicle registration tax calculation.

Minnesota SF5219 amends the motor vehicle registration tax calculation by adjusting the percentage of the manufacturer's suggested retail price used for tax purposes. The bill specifies a decreasing percentage each year for the first ten years of a vehicle's life. It also mandates that the tax cannot exceed the smallest total amount previously paid or due on the vehicle. The changes apply to taxes and fees payable for a registration period starting on or after January 1, 2027.

Minnesota SF5219 modifies the motor vehicle registration tax calculation.

Minnesota SF5219 amends the motor vehicle registration tax calculation by adjusting the percentage of the manufacturer's suggested retail price used for tax purposes. The bill specifies a decreasing percentage each year for the first ten years of a vehicle's life. It also mandates that the tax cannot exceed the smallest total amount previously paid or due on the vehicle. The changes apply to taxes and fees payable for a registration period starting on or after January 1, 2027.