Bill Summary for H 537 (2019-2020)
Jun 19 2019
|View NCGA Bill Details||2019-2020 Session|
AN ACT TO REDUCE THE ALTERNATE HIGHWAY USE TAX ON VEHICLE SUBSCRIPTIONS.Intro. by Conrad, Howard, Setzer, D. Hall.
|View: All Summaries for Bill||Tracking:|
Senate amendment makes the following changes to the 4th edition.
Amends the proposed changes to GS 105-187.9 to require that of the highway use taxes collected at the rates of 8% and 5%, $10 million must be credited annually to the Highway Fund, with the remainder credited to the General Fund (previously, required the highway use taxes collected at the rate of 5% be credited to the North Carolina Highway Trust Fund).