
The new law mandates that peer-to-peer carsharing companies pay sales tax, are subjected to airport contracts, and must comply with the national safety recall law.
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Revenue collected through the ordinance would be allocated for industry, trade, commerce, tourism, and capital projects.
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Revenue from the tax increase, estimated to be $3 million annually, will help fund the Birmingham Jefferson Civic Complex project.
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The surcharge is projected to fund about $14.1 million of the $54.8 million total revenue from the Arizona Sports and Tourism Authority for the fiscal year.
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The bill will add a 3% tax to all car rentals and leases in Jefferson County.
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The tax would add $4.50 to the existing rental fee of $3 per vehicle, per day.
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Nearly a quarter of the 40 largest cities in the U.S. impose retail taxes that increase the costs of a one-hour carshare by more than 30%, according to a study by DePaul University.
Read More →The new IRS ruling (201308020) makes it clear that WTP Exchange is permitted under the tax law to provide both Like Kind Exchange (LKE) software and qualified intermediary services. LKE is a common tax-deferred exchange used by businesses.
Read More →Within the 2012 Taxpayer Relief Act, the maximum amount of Section 179 deductions has been changed and bonus depreciation extended.
Read More →Chicago ranked the highest in the total tax burden, which includes sales tax and discriminatory taxes on car rentals, hotels and meals, while Fort Lauderdale, Fla. ranked the lowest.
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