Amendment No. 695

Senate Amendment to Senate Bill No. 444 (BDR 43-1692)

Proposed by: Committee on Transportation

Amendment Box:

Resolves Conflicts with: N/A

Amends: Summary: Title: Preamble: Joint Sponsorship:

ASSEMBLY ACTION Initial and Date | SENATE ACTION Initial and Date

Adopted Lost | Adopted Lost

Concurred In Not | Concurred In Not

Receded Not | Receded Not

Amend section 1, page 2, line 4, after "3." by inserting:

"Except as otherwise provided in this section, a short-term lessor that uses any building in this state as the home office of the short-term lessor or as a regional home office, as defined in subsection 4, is entitled to the following credits against the fee otherwise required by this section to be paid to the state:

(a) An amount equal to 50 percent of the aggregate amount of the fee as determined pursuant to subsection 1; and

(b) An amount equal to the full amount of licensing fees and taxes paid by the short-term lessor during the immediately preceding year pursuant to this chapter.

These credits must not reduce the amount of the fees payable to less than 20 percent of the fees otherwise payable to the state by the short-term lessor pursuant to subsection 2.

4. For the purposes of this section, a "regional home office" means an office of the short-term lessor performing for an area covering two or more states, with a minimum of 25 employees on its office staff, the supervision and servicing of the business of the short-term lessor.

5. The short-term lessor shall on or before March 1 of each year furnish proof to the satisfaction of the executive director of the department of taxation, on forms furnished by or acceptable to the executive director, as to his entitlement to the reduction of the fees required to be remitted to the state pursuant to this section.

6.".

Amend section 1, page 2, line 7 by deleting "4." and inserting "[4.] 7.".

Amend section 1, page 2, line 9 by deleting "5." and inserting "[5.] 8.".

Amend section 1, page 2, line 11 by deleting "6." and inserting "[6.] 9.".

Amend section 1, page 2, by deleting lines 15 through 19 and inserting:

"[7.] 10.  As used in this section, "vehicle licensing fees and taxes" means:

(a) The fees paid by a short-term lessor for the registration of, and the issuance of certificates of title for, the passenger cars leased by him; and

(b) The basic and supplemental privilege taxes paid by the short-term lessor with regard to those passenger cars.".

Amend the title of the bill, second line, after "vehicles;" by inserting:

"providing for a home or regional office credit;".