This bill amends Minnesota Statutes 2024, section 168.013, to provide a tax reduction for vehicle registration fees specifically for disabled veterans. A new subdivision, Subd. 1n, is added, which stipulates that the tax imposed on a vehicle owned by a disabled veteran will be reduced based on the veteran's disability rating percentage as determined by the United States Department of Veterans Affairs. The bill allows only one vehicle per owner to qualify for this tax reduction.

Additionally, the bill modifies subdivision 8 of the same statute to include a new requirement for the commissioner of management and budget. By July 15 of each fiscal year, the commissioner must transfer from the general fund to the highway user tax distribution fund an amount equal to the total tax reductions granted under the new subdivision for the previous fiscal year. This ensures that the tax reductions for disabled veterans are accounted for in the funding of the highway user tax distribution fund.

Statutes affected:
Introduction: 168.013