Sales tax; deposit portion of revenue derived from certain motor vehicle rentals into the Economic Development and Infrastructure Fund.

Summary

The bill creates a 6% sales tax on the gross proceeds of motor‑vehicle rentals that last 30 days or less, excluding trucks over 10,000 pounds. Each year $1 million of the collected tax would be deposited into the Economic Development and Infrastructure Fund, with the rest going to the county where the rental occurred and then shared with local municipalities and school districts. The measure aims to generate new funding for statewide development projects while giving local governments additional revenue.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share