NC H525

Increases the maximum motor vehicle tax that cities and towns may levy from $5.00 to $15.00 per year per vehicle, effective only for the City of Greensboro.

Requires that tax proceeds up to $5.00 continue to be used for any lawful purpose, while proceeds from taxes between $5.00 and $15.00 must be used exclusively for local public transportation purposes.

Repeals Chapter 31 of the 1991 Session Laws.

Section 1 becomes effective only when the City of Greensboro actually levies a tax under the new authority; the remainder of the act is effective upon passage.