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NC S351

Bill

Official Source

Status

Introduced

3/22/2017

Primary Sponsor

William Rabon

Click for details

Origin

Senate

2017-2018 Session

AI Summary

  • Redirects 8% tax collected on short-term leases or rentals of motor vehicles from the General Fund to the Highway Fund, effective July 1, 2017.

  • Maintains 3% tax collected on short-term motor vehicle leases or rentals to the North Carolina Highway Trust Fund.

  • Appropriates $50,000,000 in nonrecurring funds annually from the Highway Fund to the Raleigh-Durham Airport Authority for fiscal years 2017-2019 for runway improvements to accommodate additional international flights.

Legislative Description

Short-Term Lease Tax/Highway Fund

Last Action

Re-ref to Transportation. If fav, re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate

3/27/2017

Committee Referrals

Transportation3/27/2017
Rules and Operations of the Senate3/23/2017

Full Bill Text

No bill text available