The bill amends Minnesota Statutes to extend the time allowed for residents to register and pay taxes on newly purchased motor vehicles from 21 days to 60 days. This change is reflected in the amendment to section 168.092, which allows the motor vehicle registrar to issue a permit that is valid for 60 days, providing purchasers with a reasonable timeframe to complete the registration process. The permit must be affixed to the rear of the vehicle and is only valid for the specific vehicle for which it was issued.

Additionally, the bill modifies section 168A.11, subdivision 1, by increasing the timeframe for dealers to submit the certificate of title and application for a new certificate from ten business days to 30 days. This change aims to streamline the process for dealers who buy vehicles for resale and ensures that the necessary documentation is submitted in a timely manner. The bill also includes provisions for dealers selling vehicles to out-of-state buyers, requiring them to remove license plates and notify the registrar within 48 hours of the sale.

Statutes affected:
Introduction: 168.092, 168A.11