This bill amends Minnesota Statutes to expand the in lieu tax on older passenger automobiles and collector vehicles to include motorcycles. Specifically, it introduces a $10 in lieu tax for the purchase of older passenger automobiles or motorcycles, as well as a $150 tax for collector vehicles, which now also encompasses motorcycles. The bill modifies sections 297B.02 and 297B.025, adding motorcycles to the definitions and tax structures previously limited to passenger automobiles and collector vehicles.

Additionally, the bill establishes that these changes will take effect for sales and purchases made after June 30, 2025. The amendments aim to create a more inclusive tax framework for motor vehicles, recognizing the growing popularity of motorcycles alongside traditional passenger vehicles.

Statutes affected:
Introduction: 297B.02, 297B.025