HB1812 - Tennessee - Davidson County, Metropolitan Government, Nashville, Taxes, Privilege

Companion Bill SB1120. Taxes, Privilege - Authorizes Davidson County to adopt a resolution to levy a 1 percent rental car tax with certain exemptions to be deposited in a fund for a new convention center; repeals tax if bonded indebtedness is paid in full. - Amends TCA Title 67, Chapter 4, Part 19. Fiscal Summary for HB1812 / *SB1120 Increase Local Govt. Revenues - Exceeds $700,000/Permissive Increase Local Govt. Expenditures - Not Significant/Permissive Bill Summary for HB1812 / *SB1120 Present law requires businesses engaged in the rental of motor vehicles to collect and remit a 3 percent surcharge or tax on charges for the retail rental of any private passenger motor vehicle or a vehicle with a maximum gross weight rating classification of Class Four or under or trailers for periods of 31 days or less when the vehicle is delivered to the [...]

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