Orange County NC Website
Browse       Search
3 <br /> WHEREAS; House Bill 1231 amended Subchapter IX of Chapter 105 of the General Statutes by adding <br /> a new Article 50 which permits Regional Public Transportation Authorities to levy up to a five percent <br /> tax on rental vehicle gross receipts; and, <br /> WHEREAS; The Board of Trustees of an Authority may not levy a tax under this section or increase the <br /> tax rate of a tax levied under this section until: <br /> 1) the Board of Trustees has held a public hearing on the tax or the increase in the tax rate after <br /> giving at least 10 days' notice of the hearing, and, <br /> 2) if the Authority has a special tax board,the special tax board has adopted a resolution <br /> approving the levy of the tax or the increase in the tax rate, and <br /> 3) the board of commissioners of each county included in the territorial jurisdiction of the <br /> Authority has adopted a resolution approving the levy of the tax or the increase in the tax rate. <br /> NOW,THEREFORE,BE IT RESOLVED,by the Orange County Board of Commissioners, that the <br /> Orange County Board of Commissioners approves the levy by the Research Triangle Regional Public <br /> Transportation Authority of a rental vehicle tax levy pursuant to Article 50 of Subchapter IX of Chapter <br /> 105 of the General Statutes equal to five percent of the gross receipts taxable thereunder derived by <br /> retailers, effective the later of January 1, 1998 or the first day of the second month after the Authority's <br /> Board of Trustees adopts the Rental Vehicle Tax Levy Resolution. <br /> 2 <br />