Bill Text: NC S351 | 2017-2018 | Regular Session | Amended
Bill Title: Short-Term Lease Tax/Highway Fund
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-03-27 - Re-ref to Transportation. If fav, re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate [S351 Detail]
Download: North_Carolina-2017-S351-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2017
S 1
SENATE BILL 351
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Short Title: Short-Term Lease Tax/Highway Fund. |
(Public) |
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Sponsors: |
Senator Rabon (Primary Sponsor). |
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Referred to: |
Rules and Operations of the Senate |
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March 23, 2017
A BILL TO BE ENTITLED
AN ACT to credit to the highway fund the taxes collected on the short‑term lease or rental of a motor vehicle and to appropriate a certain amount of funds from the highway fund to be used for runway improvements at the raleigh‑durham international airport.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 105‑187.9(a) reads as rewritten:
"(a) Distribution. –
Taxes collected under this Article at the rate of eight percent (8%) shall be
credited to the GeneralHighway Fund. Taxes collected under this
Article at the rate of three percent (3%) shall be credited to the North
Carolina Highway Trust Fund."
SECTION 2. Notwithstanding G.S. 143C‑5‑2, there is appropriated from the Highway Fund to the Raleigh‑Durham Airport Authority the sum of fifty million dollars ($50,000,000) in nonrecurring funds for each fiscal year of the 2017‑2019 fiscal biennium to be used for improvements to the runways at the Raleigh‑Durham International Airport to accommodate additional international flights.
SECTION 3. Section 1 of this act becomes effective July 1, 2017, and applies to taxes collected on or after that date. The remainder of this act becomes effective July 1, 2017.
