as introduced - 79th Legislature (1995 - 1996) Posted on 12/15/2009 12:00am
1.1 A bill for an act 1.2 relating to taxation; exempting used watercraft from 1.3 the sales and use tax; amending Minnesota Statutes 1.4 1994, section 297A.25, by adding a subdivision. 1.5 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 1.6 Section 1. Minnesota Statutes 1994, section 297A.25, is 1.7 amended by adding a subdivision to read: 1.8 Subd. 60. [USED WATERCRAFT.] The gross receipts from the 1.9 sale of used watercraft are exempt. For purposes of this 1.10 subdivision: 1.11 (1) "watercraft" means any contrivance used or designed for 1.12 navigation on water, whether motorized or nonmotorized, but not 1.13 including seaplanes; and 1.14 (2) "used watercraft" means a watercraft that has 1.15 previously been sold at retail as defined in section 297A.01, 1.16 subdivision 4, on which either (i) a tax on the sales price was 1.17 paid as provided in this chapter, or (ii) the purchaser 1.18 presented an exemption certificate. 1.19 Sec. 2. [EFFECTIVE DATE.] 1.20 Section 1 is effective for sales after June 30, 1995.