Bill Summary for S 217 (2015-2016)

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Bill: DISTRIBUTION OF HIGHWAY USE TAX AND FEES.

Summary date: 

Apr 15 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 217 (Public) Filed Tuesday, March 10, 2015
AN ACT TO ADJUST THE DISTRIBUTION OF THE HIGHWAY USE TAXES COLLECTED ON THE SHORT-TERM LEASE OR RENTAL OF A MOTOR VEHICLE AND TO APPROPRIATE FUNDS ON AN ANNUAL BASIS FROM THE HIGHWAY FUND TO THE NORTH CAROLINA STATE PORTS AUTHORITY AND THE DIVISION OF AVIATION OF THE DEPARTMENT OF TRANSPORTATION.
Intro. by Rabon, Meredith.

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Bill summary

Senate committee substitute makes the following changes to the 1st edition.

Changes the long title. 

Deletes Sections 1, 3, and 4 from the previous edition.

Amends GS 105-187.9(a), deleting changes which previously provided for taxes collected pursuant to GS 105-187.5(b) to be credited to the NC Highway Trust Fund.  Subsection now provides that taxes collected under the Article at the rate of 8% are to be credited to the Highway Fund.

Enacts new GS 105-187.9(b), providing for certain appropriations beginning in the 2015-16 fiscal year out of the taxes collected at the rate of 8% and credited to the Highway Fund, namely (1) $35 million appropriated annually to a reserve fund used by the NC State Ports Authority for capital improvements and (2) $21 million appropriated annually to the Division of Aviation for specified capital improvement projects.