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Senate Counsel, Research
and Fiscal Analysis
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G-17 State Capitol
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75 Rev. Dr. Martin Luther King Jr. Blvd.
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St. Paul, MN 55155-1606
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(651) 296-4791
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Fax: (651) 296-7747
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Tom Bottern
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Director
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Senate
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State of Minnesota
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S.F. No. 1636 - Rent/Lease-to-Own Vehicles
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Author:
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Senator Al DeKruif
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Prepared By:
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Nora B. Pollock, Senate Counsel (651/297-8066)
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Date:
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February 20, 2012
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This bill adds to the definition of “retail sale” payments on rent-to-own or lease-to-own used vehicles that may be returned at any time without penalty. Under this bill, sales tax is levied on each payment and is due at the time of each periodic payment, instead of at the time of initial lease on the full value of the lease.
NBP:dv
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Check on the status of this bill
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Back to Senate Counsel and Research Bill Summaries page
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This page is maintained by the Office of Senate Counsel, Research, and Fiscal Analysis for the Minnesota Senate.
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Last review or update: 02/20/2012
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