IN SB0150

Authorizes county income tax councils to adopt, increase, decrease, or rescind motor vehicle excise surtaxes and wheel taxes, expanding this authority beyond just county councils

The "adopting entity" becomes whichever body (county council or county income tax council) first adopts an ordinance to impose the surtax or wheel tax

Motor vehicle excise surtax rates remain at 2-10% or $7.50-$25 flat amount, with a minimum surtax of $7.50 per vehicle

Wheel tax rates remain at $5-$40 per vehicle, with different rates allowed for different vehicle classes (buses, semitrailers, trailers, tractors, trucks)

Effective date of May 1, 2012, with existing county council ordinances adopted before that date remaining in effect until amended or repealed