Report Title:
Rental motor vehicle surcharge tax.
Description:
Extends the rental vehicle surcharge tax effective date beyond September 1, 2007.
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THE SENATE |
S.B. NO. |
1506 |
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TWENTY-FOURTH LEGISLATURE, 2007 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
RELATING TO RENTAL MOTOR VEHICLE SURCHARGE TAX.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. The purpose of this Act is to maintain a rental motor vehicle surcharge tax of $3 a day.
SECTION 2. Section 251-2, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) There
is levied and shall be assessed and collected each month a rental motor vehicle
surcharge tax of [$2 a day, except that for the period of September 1, 1999,
to August 31, 2007, the tax shall be] $3 a day, or any portion of a day
that a rental motor vehicle is rented or leased. The rental motor vehicle
surcharge tax shall be levied upon the lessor; provided that the tax shall not
be levied on the lessor if:
(1) The lessor is renting the vehicle to replace a vehicle of the lessee that is being repaired; and
(2) A record of the repair order for the vehicle is retained either by the lessor for two years for verification purposes or by a motor vehicle repair dealer for two years as provided in section 437B-16."
SECTION 3. There is appropriated out of the state highway fund the sum of $14,000,000, or so much thereof as may be necessary, for fiscal year 2007-2008 and the sum of $14,000,000, or so much thereof as may be necessary, fiscal year 2008-2009 for the purposes of the state highway fund.
The sums appropriated by this Act shall be expended by the department of transportation.
SECTION 4. Statutory material to be repealed is bracketed and stricken. New statutory material is underscored.
SECTION 5. This Act shall take effect upon its approval.
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INTRODUCED BY: |
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BY REQUEST |