HB 0648 Relating to Rental of Motor Vehicles
Sponsor:SCHEVE Handling House Bill:
Committee:COMC LR Number:L1438.01I
Last Action:03/06/95 - Re-referred H Commerce Committee
Title:
Effective Date:
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Current Bill Summary

HB0648 Rizzo, Henry C

P R E F I L E D

HB 648 -- Fee on Rental Vehicles

This bill requires that in addition to all taxes and fees currently imposed by law there will be an additional transactional fee charged and collected on each motor vehicle rental contract of 3.5% of the gross receipts of the contract. Motor vehicle rental business must separately identify the transaction fee on each rental contract. Every motor vehicle rental business no later than March 15 yearly must file a report with the Director of Revenue giving the following information: (1) transaction fees collected on gross receipts from motor vehicles rented; (2) the total of motor vehicle registration and titling fees paid; and (3) the total personal property taxes paid. The Director of Revenue will promulgate rules and regulations in order to carry out this provision.