Bill > HB1524

This bill amends the Tax Reform Code of 1971 to modify the Public Transportation Assistance Fund by increasing taxes and fees on motor vehicle rentals. Specifically, the bill raises the additional tax on motor vehicle leases from 3% to 5% of the total lease price. For traditional motor vehicle rentals, the daily fee increases from $2 to $6.50 per day or part of a day. For carsharing, peer-to-peer car-sharing, and shared vehicle rentals, the bill updates the fee schedule, notably increasing the fee for rentals of 6 hours or more from $2 to $6.50. The bill also modifies language about how the funds in the Public Transportation Assistance Fund will be used, changing the reference from a specific distribution code to a more general "as provided by law" clause. The purpose of these changes appears to be generating additional revenue for public transportation funding by increasing taxes and fees associated with motor vehicle rentals. The bill takes effect immediately upon passage.