HB2154

Imposes property tax on rental and leased vehicles, discontinues excise tax on their rental and lease.

This bill amends Kansas tax law to impose a property tax on rental and leased vehicles, while discontinuing the excise tax on their rental and lease. It specifies that the tax applies to vehicles owned by car rental companies and used as rentals or leases. The bill also includes provisions for the registration of these vehicles and the issuance of special license plates. It repeals existing sections related to these taxes and amends other sections to reflect the changes. The bill takes effect upon its publication in the statute book.