This bill proposes a new provision in Minnesota Statutes, chapter 168, regarding vehicle registration tax refunds for certain returned vehicles. It defines a "returned vehicle" as one that is registered, transferred by a manufacturer or dealer to a transferee, and then permanently transferred back to the same manufacturer or dealer within 30 days. The bill also defines "transferee" as the individual or entity receiving the vehicle transfer and subsequently returning it.

Under the new law, manufacturers or dealers must notify the commissioner within ten days of receiving a returned vehicle, providing details about the return transfer. Following this notification, the commissioner is required to cancel the vehicle's registration and issue a refund of the registration taxes paid by the transferee within 30 days. This legislation aims to streamline the process for refunds related to returned vehicles, ensuring that transferees are reimbursed promptly.