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~. <br />GENERAL ASSEMBLY OF NORTH CAROLINA <br />SESSION 1999 <br />SESSION LAW 2000-2 <br />SENATE BILL 1076 <br />AN ACT TO REPEAL THE PROPERTY TAX ON CERTAIN VEHICLES LEASED OR <br />RENTED UNDER RETAIL SHORT-TERM LEASES OR RENTALS AND TO REPLACE <br />THE TAX REVENUE WITH A LOCAL TAX ON GROSS RECEIPTS DERIVED FROM <br />RETAIL SHORT-TERM LEASES OR RENTALS. <br />The General Assembly of North Carolina enacts: <br />Section 1. G.S. 105-275 is amended by adding a new <br />subdivision to read: , <br />"(41) A vehicle that is offered at retail <br />for short-term lease or rental and is owned or leased b an <br />_entity engaged in the business of leasing or renting <br />vehicles to the -_c~eneral-public for short-term__ lease or <br />rental. For the ur oses of this subdivision the term <br />'short-team ], or rental' shall have the same meanin as <br />i, ecei is tax as set forth b <br />an is substituted for and <br />replaces the ad valorem tax previously levied on these <br />vehicles . " ~ ~ ~~~ ~ ' <br />Section 2. Chapter 153A of the General Statutes is <br />amended by adding a new section to read: <br />"§ 153A-156. Gross recea.~s_tax on short-term leases or <br />rentals . - -- - - ~...~... <br />~a)- As_a_substitute for and in replacement of the ad <br />valorem tax, which is excluded by G.S. 105-275(41), a county may <br />levy a gross receipts tax an the gross receipts from the short- <br />term lease or rental of vehicles at <br />The tax rate shall nots of <br />~+-+/ ii a ~.vui+~Y aiia~.:~o _~iiv oua.i~~i~u~~ a11U icNlac.:~au~i1~ <br />~~ss recei is tax ursuant to this section an entit re uired <br />o collect the tax shall include a-provision in each retail short- <br />- •- - <br />t-e_rm-_1_ease_or rental agreement.n_oting that the percentage amount <br />enacted by the county of the total lease or rental nrice._ <br />uainct sales tax <br />For ur oses of this section tFi"e transaction ivin rise to the <br />tax shall be deemed to have occurred at the location of the <br />placed in a segre4ated account until remitted to the county. <br />(_c~- The collection and use of taxes under this section <br />are not subject to sales tax and are not included in the gross <br />receipts of the en_tty._ The proceeds collected under this <br />section belon to the count and are not subject to creditor <br />li_e_ns _ against the entity, <br />(d) A tax levied under this section shall be collected <br />the county but_ otherwise administered in t_he same manner as <br />the tax levied under G.S. 105-164.4 a 2 ~~~ <br />~eZ__The following definitions apply_ in this section: <br />Vehicle. --.An of the followin <br />a. A motor vehicle of the rivate <br />assen er t e includin a assen er van minivan or <br />5 <br />