Bill Summary for H 244 (2013-2014)

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Summary date: 

Mar 6 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 244 (Public) Filed Wednesday, March 6, 2013
A BILL TO BE ENTITLED AN ACT TO INCREASE THE TAX RATE ON GROSS RECEIPTS A REGIONAL TRANSPORTATION AUTHORITY MAY LEVY ON RETAILERS ENGAGED IN THE BUSINESS OF LEASING OR RENTING U-DRIVE-IT VEHICLES OR MOTORCYCLES.
Intro. by Hanes, Terry.

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Bill summary

Amends GS 105-551, as the title indicates, by increasing the cap on the tax rate from 5% to 8%. Applies only to a regional transportation authority established under GS Chapter 160A, Article 27.