NC Board Approves Rental Car Tax
Proceeds would fund regional bus service if imposed by PART.
A new tax on short-term vehicle rentals could be on the way to help fund regional bus service in Davidson County, NC following a recent county commissioners' vote, the Lexington Dispatch reports.
The board voted 5-1 to authorize the Piedmont Authority for Regional Transportation (PART) to levy a 5 - percent tax on all such rentals in the county after a public hearing.
Should PART's Board of Trustees vote to initiate the tax, it would yield revenues that would act as the county's required 10 percent match for PART funding.
The short-term rentals tax could yield an estimated $90,000 annually.
According to the Lexington Dispatch, though the $90,000 will fund the project temporarily, PART will eventually have to come back to the county seeking another revenue stream after it has depleted the reserve funds it will use to make up the difference in operational costs.
Several commissioners noted that the county can opt out of PART service at that time if they choose.
More Rental Operations

Surprice Mobility Opens Corporate Rental Station at Milan Airport
The Milan opening is part of Surprice Mobility's broader strategy to expand its corporate operations while increasing the use of technology across its network.
Read More →
Brazilian Executive MBA Targets Growing Domestic Rental Car Industry
Rental car companies face a unique combination of challenges that are rarely addressed in traditional programs.
Read More →
Green Motion Expands Into Japan With Master Franchise Agreement
Japan's tourism industry, business travel market, and demand for vehicle rental services are reasons the country represents an important market for the company.
Read More →
ACRA Carrying Fuller Industry Load As AI and EVs Lurk In Future
The leading car rental professional business group details an active legislative, regulatory, and macro-trends agenda affecting car rental operators.
Read More →
World Cup Travel Data Shows Longer Car Rentals and More One-Ways
A recent analysis of FIFA bookings found varied demand patterns that influenced rental car pricing.
Read More →
A Leveling Force: AI Morphs Into A Rental Car Profit-Seeker
Revenue managers can’t match the emerging AI tools gobbling lots of data that could counter the competitive race to the rate bottom.
Read More →Stop Losing Money On Rental Tolls
Regardless of your rental fleet size and structure, fleet managers, executives, and owners can gain valuable insights into an often-overlooked area of fleet operations.
Read More →
Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
Read More →
DriveItAway, Free2move Plan Shared Fleet Program for Independent Rental Fleet Operators
Vehicles would be placed with participating rental operations to support car renter demand and provide additional fleet capacity.
Read More →
Stellantis Recalls 1.3 Million Jeep Vehicles Worldwide Over Fire Risk
Stellantis is recalling more than 1.3 million Jeep Wrangler and Gladiator models worldwide over a fire risk linked to power steering pump wiring.
Read More →
