Bill Summaries: S351 (2017-2018 Session)

Tracking:
  • Bill S 351 (2017-2018)
    Summary date: Mar 22 2017 - View summary

    As title indicates, amends GS 105-187.9(a) to credit taxes collected under Article 5A of GS Chapter 105 at the rate of 8% (tax imposed on short-term lease or rental of a vehicle, set out in GS 105-187.5(b)) to the Highway Fund (currently, credited to the General Fund). Applies to taxes collected on or after that July 1, 2017.

    Appropriates $50 million in nonrecurring funds to the Raleigh-Durham Airport Authority from the Highway Fund for each fiscal year of the 2017-19 biennium. States that the funds are to be used for improvements to the runways at the RDU Airport to accommodate additional international flights. Effective July 1, 2017.
    Government, Budget/Appropriations, Tax, Transportation
    APPROP

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