HB2659 Summary

• Amends section 28-5810 of Arizona Revised Statutes regarding the five percent surcharge on motor vehicle rentals for periods of 180 days or less.

• Expands the allowable use of collected surcharges to reimburse vehicle license tax imposed on rental vehicles whether rented in Arizona or in another state or jurisdiction.

• Requires annual reporting to the director by February 15 detailing total vehicle license tax paid, total rental revenues, and any surcharge amounts exceeding tax obligations.

• Mandates that surcharges exceeding vehicle license tax amounts be remitted, deposited and distributed pursuant to section 28-5808.

• Authorizes the director to adopt rules for auditing procedures, records maintenance, and administration of the surcharge collection process.