SB646 Summary

• Increases rental motor vehicle surcharge tax to an unspecified amount (currently $5/day) for counties with resident population between 125,000 and 195,000

• Directs $3 of each surcharge tax dollar collected in eligible counties to that county's subaccount within the state highway fund for highway capacity and congestion relief projects

• Expands tax exemptions to include vehicles rented as replacements for stolen and unrecovered vehicles or total loss vehicles, in addition to existing repair replacement exemptions

• Requires lessors to maintain records of repair orders, stolen vehicle reports, or total loss claims for two years for verification purposes

• Effective January 1, 2050