Chapter 297
2012 -- H 7721
Enacted 06/20/12
A N A C T
RELATING TO
MOTOR AND OTHER VEHICLES - RENTAL VEHICLE SURCHARGE
Introduced
By: Representatives Carnevale, Williams,
Palumbo, and
Date Introduced: February 16, 2012
It is enacted by the
General Assembly as follows:
SECTION 1. Section 31-34.1-2 of the General Laws in Chapter
31-34.1 entitled "Rental
Vehicle Surcharge" is
hereby amended to read as follows:
31-34.1-2.
Rental vehicle surcharge. -- (a) Each rental company shall collect, at the time
a motor vehicle is rented in this state, on each rental
contract, a surcharge equal to six percent
(6.0%) eight
percent (8.0%) of gross receipts per vehicle on all rentals for each of the
first thirty
(30) consecutive days. The
surcharge shall be computed prior to the assessment of any applicable
sales taxes, provided, however, the surcharge shall be
subject to the sales tax.
(b) The surcharge shall
be included on the rental contract and collected in accordance
with the terms of the rental contract. Fifty percent
(50%) Sixty percent (60%) of the surcharge
shall be retained by the rental company in accordance with
this section and subsection (c), and
fifty percent (50%)
forty percent (40%) of the surcharge shall be remitted to the state for
deposit
in the general fund, on a quarterly basis in accordance
with a schedule adopted by the tax
administration. Each rental company collecting and retaining
surcharge amounts may reimburse
itself in accordance with this section from the funds
retained for the total amount of motor vehicle
licensing fees, title fees, registration fees and transfer fees
paid to the state of
excise taxes imposed upon the rental companies' motor vehicles
during the prior calendar year;
provided, that rental companies shall not be authorized to
reimburse themselves for title fees,
motor vehicles licensing fees, transfer fees, registration
fees and excise taxes unless those fees
and taxes shall have been assessed and paid in full to
the state or appropriate city or town prior to
any reimbursement. No reimbursement shall be allowed upon
the prepayment of any fees or
excise taxes.
(c) At a date to be set
by the state tax administrator, but not later than February 15th of
any calendar year, each rental company shall, in addition
to filing a quarterly remittance form, file
a report with the state tax administrator on a form
prescribed by him or her, stating the total
amount of motor vehicles licensing fees, transfer fees,
title fees, registration fees and excise taxes
paid by the rental company in the previous year. The
amount, if any, by which the surcharge
collections exceed the amount of licensing fees, title fees, transfer
fees, registration fees and
excise taxes paid shall be remitted by the rental company to
the state of
in the general fund.
SECTION 2. This act shall take effect upon passage.
=======
LC00911
=======