Pennsylvania HB1524 amends the Tax Reform Code of 1971 to modify taxes on vehicle leases and rentals.
Pennsylvania HB1524 amends the Tax Reform Code of 1971 to modify taxes on vehicle leases and rentals. It creates a Public Transportation Assistance Fund in the State Treasury. The bill imposes a five percent tax on the total lease price of motor vehicles and a fee on vehicle rentals, with varying rates based on rental duration. The fund and interest from these funds will be used for purposes outlined in 74 Pa.C.S. § 1310. The changes take effect immediately.
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