Agenda - 04-03-2001-8d - Laserfiche WebLink

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AN ORDINANCE LEVYING A TAX ON GROSS RECEIPTS DERIVED FROM RETAIL SHORT-TERM LEASE OR RENTAL OF MOTOR VEHICLES IN ORANGE COUNTY WHEREAS, the North Carolina General Assembly has ratified Senate Bill 1076, signed into law as Session Law 2000-2 (S.L. 2000-2) and amended by Senate Bill 1335, and effective for taxable years beginning on or after July 1, 2000; and WHEREAS, this Act repealed the property tax on certain vehicles leased or rented under retail short-term leases or rentals and authorized counties to replace the lost tax revenue through enactment of a local tax on gross receipts derived from retail short- term leases or rentals; and WHEREAS, The County of Orange on June 6, 2000 adopted AN ORDINANCE LEVYING A TAX ON GROSS RECEIPTS DERIVED FROM RETAIL SNORT-TERM LEASE OR RENTAL OF MOTOR VEHICLES IN ORANGE COUNTY (the Ordinance); and WHEREAS, it is in the best interests of the citizens of Orange County to amend the Ordinance by rewriting as follows. NOW, THEREFORE, BE IT RESOLVED by the Orange County Board of Commissioners that the following Ordinance is enacted: SECTION 1. Definitions. The following definitions shall apply in this Ordinance: A. Long-term lease or rental means a lease or rental made under a written agreement to lease or rent property to the same person for a period of at least 365 continuous days. B. Short-teen lease or rental means a lease or rental that is not a long- term lease or rental. C. Vehicle. A vehicle is defined as any of the following: 1. A motor vehicle of the private passenger type, including a passenger van, minivan, or sport utility vehicle. 2. A motor vehicle of the cargo type, including cargo van, pickup truck, or truck with a gross vehicle weight of 26,2000 pounds or less used predominately in the transportation of property for other than commercial freight and that does not require the operator to possess a commercial drivers license.