|HB 0648||Relating to Rental of Motor Vehicles|
|Sponsor:||SCHEVE||Handling House Bill:|
|Last Action:||03/06/95 - Re-referred H Commerce Committee|
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.