Bill Text: NC H244 | 2013-2014 | Regular Session | Amended
Bill Title: Increase Regional Transportation Tax Cap
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2013-03-07 - Ref to the Com on Government, if favorable, Transportation, if favorable, Finance [H244 Detail]
Download: North_Carolina-2013-H244-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2013
H 1
HOUSE BILL 244
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Short Title: Increase Regional Transportation Tax Cap. |
(Public) |
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Sponsors: |
Representatives Hanes and Terry (Primary Sponsors). For a complete list of Sponsors, refer to the North Carolina General Assembly Web Site. |
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Referred to: |
Government, if favorable, Transportation, if favorable, Finance. |
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March 7, 2013
A BILL TO BE ENTITLED
AN ACT to increase the tax rate on gross receipts A regional Transportation Authority may levy on retailers engaged in the business of leasing or renting U‑drive‑it vehicles or motorcycles.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 105‑551 reads as rewritten:
"§ 105‑551. Tax on gross receipts authorized.
(a) Tax. – The board of trustees of an Authority may
levy a privilege tax on a retailer who is engaged in the business of leasing or
renting U‑drive‑it vehicles or motorcycles based on the gross
receipts derived by the retailer from the short‑term lease or rental of
these vehicles. The tax rate must be a percentage and may not exceed five
percent (5%).eight percent (8%). A tax levied under this section
applies to short‑term leases or rentals made by a retailer whose place of
business or inventory is located within the territorial jurisdiction of the
Authority. This tax is in addition to all other taxes.
…
(c) Special Tax District. – If a regional
transportation authority created under Article 27 of Chapter 160A of the
General Statutes has not levied the tax under this section or has levied the
tax at a rate of less than five percent (5%),eight percent (8%),
it may create a special district that consists of the entire area of one or
more counties within its territorial jurisdiction and may levy on behalf of the
special district the tax authorized in this section. The rate of tax levied
within the special district may not, when combined with the rate levied within
the entire territorial jurisdiction of the authority, exceed five percent
(5%).eight percent (8%). The regional transportation authority may
not levy or increase a tax within the special district unless the board of
commissioners of each county in the special district has adopted a resolution
approving the levy or increase.
A special district created pursuant to this subsection is a body corporate and politic and has the power to carry out the purposes of this subsection. The board of trustees of the regional transportation authority created under Article 27 of Chapter 160A of the General Statutes shall serve, ex officio, as the governing body of a special district it creates pursuant to this subsection. The proceeds of a tax levied under this subsection may be used only for the benefit of the special district and only for the purposes provided in G.S. 105‑554. Except as provided in this subsection, a tax levied under this subsection is governed by the provisions of this Article."
SECTION 2. This act applies only to a regional transportation authority established under Article 27 of Chapter 160A of the General Statutes.
SECTION 3. This act is effective when it becomes law.
