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.
Bill Summary for S 266 (2013-2014)
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Summary date:
Mar 12 2013
Bill Information:
| View NCGA Bill Details | 2013-2014 Session |
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 Parmon.
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Bill summary
Identical to H 244, filed 3/6/13.