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HomeMy WebLinkAboutAgenda - 06-06-2000-5aORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: June 6, 2000 Action Agenda Item No. JC-Gt SUBJECT: Resolution Implementing a Gross Receipts Tax on Rental Vehicles Exempted from Pro ert Tax DEPARTMENT: County Manager PUBLIC HEARING: (Y/N) No ATTACHMENT(S): Resolution Senate Bill 1076 INFORMATION CONTACT: Rod Visser, ext 2300 TELEPHONE NUMBERS: Hillsborough 732-8181 Chapel HIII 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To consider enacting an ordinance implementing a gross receipts tax on certain rental vehicles to replace the ad valorem tax on such vehicles that was recently rescinded by the North Carolina General Assembly. BACKGROUND: On May 17, 2000 Governor Hunt signed legislation (Senate Bill 1076) enacted by the General Assembly that substituted a gross receipts tax for property taxes on leased or rented motor vehicles. The law authorizes counties to levy a gross receipts tax of up to 1'/Z % on short-term leases or rentals, and repeals the property tax on vehicles subject to such. lease or rental. Municipalities have been granted authority to levy the same amount of tax, in addition to any levied by counties. The law provides that permission to levy the gross receipts tax takes effect on July 1, 2000. In order to substitute the new gross receipts tax for the repealed property tax on rental vehicles, local governments are required to take action to levy the tax. The North Carolina Association of County Commissioners has developed a model resolution to carry out this action. That resolution has been modified to apply to Orange County and is attached for the Board's consideration. In view of the newness of this law, the logistic and administrative details of how the tax will be collected and receipts disbursed are still being worked out. FINANCIAL IMPACT: An Orange County ordinance must be in place before July 1, 2000 if the County wishes to collect all the revenue available to it to replace that which will be lost by the exemption of rental motor vehicles from ad valorem property taxes. No definitive assessment has been developed regarding the financial impact of the new law because it was so recently enacted. Preliminary indications are that there should be no dramatic positive or negative impact on overall Orange County revenue, assuming the Board of Commissioners decides to proceed with the new gross receipts tax on rental vehicles. Staff estimates that the revenue that will be lost by the County because of the exemption of rental vehicles from ad valorem taxation will be on the order of $100,000 more or less. We expect that the revenue that will come instead from the gross receipts tax will be roughly on the same scale. The law provides that the Fiscal Research Division will report to the 2003 General Assembly with an analysis of the amount of revenue generated by the new gross receipts tax compared to what the revenue would have been under an ad valorem tax. RECOMMENDATION(S): The Manager recommends that subject to final review by the County Attorney, the Board adopt the attached resolution implementing the gross receipts tax on rental vehicles. ORANGE COUNTY BOARD OF COMMISSIONERS A RESOLUTION AUTHORIZING ESTABLISHMENT OF AN ORDINANCE LEVYING A TAX ON GROSS RECEIPTS DERIVED FROM RETAIL SHORT-TERM LEASE OR RENTAL OF MOTOR VEHICLES WHEREAS, the North Carolina General Assembly has ratified Senate Bill 1076, signed into law as Session Law 2000-2 (S.L. 2000-2) and effective for taxable years beginning on or after July I, 2000; and WHEREAS, this act repealed the property tax on certain vehicles leased or rented under retail short-term leases or rentals and authorized counties to replace the lost tax revenue through enactment of a local tax on gross receipts derived from retail short-term leases or rentals. NOW, THEREFORE 6E IT RESOLVED, by the Orange County Board of Commissioners that the following ordinance is enacted: SECTION 1. Tax on Gross Receipts Derived from Retail Short Tenm Motor Vehicle Leases or Rentals. The County of Orange hereby imposes and levies a tax of one and one half percent (1 1/2 %) of the gross receipts from the short-term lease or rental of vehicles at retail to the general public. SECTION 2. Administration. The County will administer and collect from operators of leasing and rental establishments the taxes levied hereby and the county may promulgate additional rules and regulations necessary for implementation of the taxes. SECTION 3. Payment of Taxes and Filing of Returns. The taxes levied hereby are due and payable to the County in monthly installments on or before the fifteenth (15th) day of the month following the month in which the tax accrues. Every taxable establishment required to collect the tax shall, on or before the fifteenth (15th) day of each month, prepare and render a return to the County. The County shall design, print, and furnish to all taxable establishments the necessary forms for filing returns and instructions to ensure the full collection of the tax. A return filed for this purpose is not a public record as defined by Section 132-1 of the North Carolina General Statutes and may not be disclosed except as required by law. SECTION 4. Penalties. A person, firm, corporation or association who fails or refuses to file a return and pay the tax levied herein shall pay a penalty of ten dollars ($10.00) for each day's omission up to a maximum of two thousand dollars ($2;000.00) for each return. In case of failure or refusal to file a return or pay the tax for a period of thirty (30) days after the time required for filing the return or paying the tax, there shall be an additional tax, as a penalty, of five percent (5%) of the tax due, with an additional tax of five percent (5%) for each additional month or fraction thereof until the tax is paid. The Orange County Board of Commissioners, for good cause shown, may compromise or forgive any penalty or additional tax imposed hereunder. SECTION 5. Misdemeanor for Willful Violation. Any person, firm, corporation or association who willfully attempts in any manner to evade a tax imposed herein or who willfully fails to pay the tax or make and ale a return shall, in addition to the penalties provided by law and herein, be guilty of a misdemeanor punishable as provided by law. 4 SECTION 6. Effective Date. The short term rental or leased vehicle gross receipts tax levied herein shall become effective July 1, 2000. This, the 6~' day of June, 2000. ~. GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 1999 SESSION LAW 2000-2 SENATE BILL 1076 AN ACT TO REPEAL THE PROPERTY TAX ON CERTAIN VEHICLES LEASED OR RENTED UNDER RETAIL SHORT-TERM LEASES OR RENTALS AND TO REPLACE THE TAX REVENUE WITH A LOCAL TAX ON GROSS RECEIPTS DERIVED FROM RETAIL SHORT-TERM LEASES OR RENTALS. The General Assembly of North Carolina enacts: Section 1. G.S. 105-275 is amended by adding a new subdivision to read: , "(41) A vehicle that is offered at retail for short-term lease or rental and is owned or leased b an _entity engaged in the business of leasing or renting vehicles to the -_c~eneral-public for short-term__ lease or rental. For the ur oses of this subdivision the term 'short-team ], or rental' shall have the same meanin as i, ecei is tax as set forth b an is substituted for and replaces the ad valorem tax previously levied on these vehicles . " ~ ~ ~~~ ~ ' Section 2. Chapter 153A of the General Statutes is amended by adding a new section to read: "§ 153A-156. Gross recea.~s_tax on short-term leases or rentals . - -- - - ~...~... ~a)- As_a_substitute for and in replacement of the ad valorem tax, which is excluded by G.S. 105-275(41), a county may levy a gross receipts tax an the gross receipts from the short- term lease or rental of vehicles at The tax rate shall nots of ~+-+/ ii a ~.vui+~Y aiia~.:~o _~iiv oua.i~~i~u~~ a11U icNlac.:~au~i1~ ~~ss recei is tax ursuant to this section an entit re uired o collect the tax shall include a-provision in each retail short- - •- - t-e_rm-_1_ease_or rental agreement.n_oting that the percentage amount enacted by the county of the total lease or rental nrice._ uainct sales tax For ur oses of this section tFi"e transaction ivin rise to the tax shall be deemed to have occurred at the location of the placed in a segre4ated account until remitted to the county. (_c~- The collection and use of taxes under this section are not subject to sales tax and are not included in the gross receipts of the en_tty._ The proceeds collected under this section belon to the count and are not subject to creditor li_e_ns _ against the entity, (d) A tax levied under this section shall be collected the county but_ otherwise administered in t_he same manner as the tax levied under G.S. 105-164.4 a 2 ~~~ ~eZ__The following definitions apply_ in this section: Vehicle. --.An of the followin a. A motor vehicle of the rivate assen er t e includin a assen er van minivan or 5 _s~ort utility vehicle. ~ b. A motor vehicle of the car o t e includin car o van icku truck or truck with ____ a gross vehicle weight of 26,000 pounds or less used redominantl in the trans ortation of ro ert for other than commercial frei ht and that does not re wire the o erator to assess a commercial drivers license. c. A trailer or semitrailer with a ._ _ gross vehicle wei~htof 6,.0.0_0 pounds or less . (2) Short-term lease or rental. -- Defined in G.S. 105-187.1(4). Sf)_The penalties and remedies that apply to local sales and_.use taxes levied under Subchapter VIII of this Chapter_applx to a tax levied under this section._ The county board of commissioners may exercise any power the Secretary of Revenue may exercise in collectin local sales and use taxes." ~~~ Section 3. Chapter 160A of the General Statutes is amended by adding a new section to read: "~ 160A-215.1. Gross receipts tax on short-term leases or rentals . , ~.,...,...,.... ~.... (a )__ As_ a substitute for and in replacement of_ the ad valorem__ta_x, _which is excluded_by G.S. 105-275(41), a city may levy a cross receipts tax on the gross receipts from the short- term lease or rental of vehicles .at retail to the general~ublic. The tax rate shall not exceed one and one-half Dercent (1.5~) of tax on ross recei is is in addition to the rivile a taxes authorized by G.S. 160A-211. (b) I_f a city enacts the substitute and replacement dross recei is tax ursuant to this section an entit re wired to collect the tax shall include a rovision in each retail short= term lease or rental__agreement noting that the percentage amount enacted_by_ the city of the tot a_1 lease or rental price, excluding sales tax, is being charged as a tax on Gross receipts. For from which the customer takes delivery of the vehicle. The tax shall be collected at the time of lease or rental and placed in a se~e~cated_ account until _remitted to the cit,~, ~~~-~~~~~~~~ !c) The collection and use of taxes under this section are not subject to sales tax and are not included in_the gross receipts of the entity. The proceeds collected under _this section belon to the cit and are not subject to cred9.tor liens against the entity. (d) A tax levied under this section shall be collected by the city but otherwise administered in the same manner as the tax levied under G.S. 105-164.4(a)(2). (e)_The following_defin__it_ions__ap~l_y in_ this section: (1) Vehicle. -- Any of the following: a. A motor vehicle of the private __ passenger_ typ~,_ including_a_pas_senger__van, minivan or sport utility vehicle. ~ ~. b. A motor vehicle of the cargo _ _. ___ types _in.cluding cargo van, _pickup truck, or truck with a gross vehicle weight of 26,000 pounds or less used ._ ..._ ......predominantly in the transportation _of_ property for other than commercial freight and that does not require T the o erator to assess a commercial drivers license. c. A trailer or semitrailer with a ross vehicle wei ht of 6 000 ounds or less. (2) Short-term lease or rental. -- _ Defined in G.S. 105-187.1. f( ) The penalties and remedies that a ly to local sales ~ a_nd use _taxes levied under Subcha ter VIII of this Chapter apply to a tax levied under this section. The aoverninq body.,_.of the city may exercise any power the Secretary of Revenue may exercise in collecting local sales and use taxes." Section 4. The Fiscal Research Division of the North Carolina General Assembly shall compare the revenue generated statewide by the substitute and replacement gross receipts tax authorized by this act with the revenue that would have been generated by an ad valorem tax. The Fiscal Research Division shall report its findings to the 2003 Session of the 2003-2004 General Assembly. Section 5. Section 1 of this act becomes effective for taxes imposed for taxable years beginning on or after July 1, 2000. The remainder of this act becomes effective July 1, 2000. In the General Assembly read three times and ratified this the 11th day of May, 2000. s/ Dennis A. Wicker President of the Senate s/ James B. Black Speaker of the House of Representatives s/ James B. Hunt, Jr. Governor Approved 8:30 a.m. this 17th day of May, 2000