Bill Summary for H 537 (2019-2020)
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Summary date:
Jun 19 2019
S.L. 2019-69
Bill Information:
| 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.
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Bill summary
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).