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1 v <br />H <br />GENERAL ASSEMBLY OF NORTH CAROLINA <br />SESSION 1991 <br />HOUSE BILL 80* <br />Proposed House Committee Substitute <br />H80- LJX -PCS <br />Fol <br />Short Title: Transit Authority Vehicle Rental Tax. (Public) <br />Sponsors: <br />Referred to: Transportation. <br />February 18, 1991 <br />1 A BILL TO BE-ENTITLED <br />2 AN ACT AUTHORIZING REGIONAL TRANSPORTATION AUTHORITIES TO LEVY A <br />3 TAX ON GROSS RECEIPTS DERIVED FROM THE SHORT -TERM LEASE OR <br />4 RENTAL OF MOTOR VEHICLES. <br />5 The General Assembly of North Carolina enacts: <br />6 Section 1. Chapter 105 of the General Statutes is <br />7 amended by adding a new Subchapter to read: <br />8 "SUBCHAPTER IX. REGIONAL TAXES. <br />9 "S 105 -550. Definitions. <br />10 The definitions in G.S. 160A -601 and the following definitions <br />11 apply to this Article: <br />12 (1) Lease or rental. Defined in G.S. 105 - 164.3. <br />13 (2) Long -term lease or rental. A lease or rental made <br />14 under a written agreement to lease or rent property <br />15 to the same person for a period of at least 365 <br />16 continuous days. <br />17 (3) Motor vehicle. Defined in G.S. 105- 164.3. <br />18 (4) Short -term lease or rental. A lease or rental that <br />19 is not a long -term lease_ or rental. <br />20 "S 105 -551. Tax on gross receipts authorized. <br />21 (a) Tax.-- The Board of Trustees of_a_n_ authority may impose a <br />22 privilege tax on a lessor or renter of motor vehicles based on a <br />