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42 <br /> A one-half cent sales tax in Durham County is estimated to generate $18.4 million. Over <br /> the life of the plan to 2035, the sales tax is expected to generate $625 million in Year-Of- <br /> Expenditure (YOE) dollars. Implementation of the Plan as described above is subject to <br /> authorization of a referendum by the Durham Board of County Commissioners and <br /> approval by the voters. <br /> D. $7 Vehicle Registration Fee in Durham County <br /> A seven dollar($7) vehicle registration fee in Durham County means that when an <br /> individual registers a new vehicle or renews the registration for an existing vehicle in <br /> Durham County, an additional $7 per year is added to the cost above the other required <br /> registration fees for that vehicle. <br /> The seven dollar fee in Durham County is expected to bring in $1.58 million in 2012. Over <br /> the life of the plan to 2035, the seven dollar fee is expected to generate $58.1 million in <br /> Year-Of-Expenditure (YOE) dollars. <br /> E. $3 Vehicle Registration Fee Increase in Durham County <br /> A three dollar($3) vehicle registration fee increase in Durham County means that when <br /> an individual registers a new vehicle or renews the registration for an existing vehicle in <br /> Durham County, an additional $3 per year is added to the cost above the other required <br /> registration fees for that vehicle. An existing $5 fee for vehicle registration supports <br /> activities of Triangle Transit, including bus operations and long-term planning. This fee <br /> would increase to $8 after the $3 increase is implemented. <br /> The three dollar fee in Durham County is projected to generate $677,000 in 2012. Over <br /> the life of the plan to 2035, the three dollar fee is expected to generate $24.9 million in <br /> Year-Of-Expenditure (YOE) dollars. <br /> F. Revenue from Triangle Transit's Rental Car Tax <br /> Triangle Transit operations are partially funded by a five percent (5%) tax on car rentals in <br /> Wake, Durham, and Orange Counties. Under existing policy adopted by the TTA Board, <br /> 50% of the rental revenues are dedicated to advancing long-range bus and rail transit. <br /> Since a significant portion of all cars rented and driven in the three counties are rented at <br /> RDU International Airport, it is difficult to determine which rentals are driven primarily in <br /> one county or another. Therefore, the 50% rental revenues dedicated to long-term transit <br /> were allocated by county according to the percentage of population in the Triangle <br /> Region, which is: Wake (68%); Durham (21.5%); Orange (10.5%). <br /> The Triangle Transit rental car tax proceeds directed to Durham County is estimated at <br /> $1.0 million in 2012. Over the life of the plan to 2035, the rental car tax is expected to <br /> generate $36 million in Year-Of-Expenditure (YOE) dollars for Durham County. <br /> Page 113 <br />