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Bill > HF3562


MN HF3562

MN HF3562
Motor vehicle registration tax modified.


summary

Introduced
02/23/2026
In Committee
02/23/2026
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to transportation; taxation; modifying motor vehicle registration tax; amending Minnesota Statutes 2025 Supplement, section 168.013, subdivision 1a.

AI Summary

This bill modifies the motor vehicle registration tax in Minnesota by adjusting the percentage of the manufacturer's suggested retail price (MSRP) used to calculate the tax for vehicles initially registered on or after November 16, 2020, and for those registered prior to that date. Specifically, the bill reduces the percentage applied to the MSRP for vehicles in their first through tenth years of life, meaning owners will pay a lower tax based on a smaller portion of the vehicle's original price. For example, the percentage of the MSRP used for tax calculation in the second year decreases from 95% to 90%, and in the tenth year from 10% to 10%. The bill also clarifies that for the eleventh year and beyond, the tax remains a flat $20. These changes are set to take effect for registration periods beginning on or after January 1, 2027.

Committee Categories

Transportation and Infrastructure

Sponsors (35)

Last Action

House Transportation Finance and Policy (13:00:00 3/25/2026 ) (on 03/25/2026)

bill text


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