CSSB 178(FIN): "An Act relating to the passenger and recreational vehicle rental taxes; and providing for an effective date."
00 CS FOR SENATE BILL NO. 178(FIN) 01 "An Act relating to the passenger and recreational vehicle rental taxes; and providing 02 for an effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 43.52.010 is amended to read: 05 Sec. 43.52.010. Levy of passenger and recreational vehicle rental tax. There 06 is imposed an excise tax on the charge for the lease or rental of a passenger or 07 recreational vehicle in this state [IF THE LEASE OR RENTAL OF THE 08 PASSENGER VEHICLE DOES NOT EXCEED A PERIOD OF 90 CONSECUTIVE 09 DAYS]. 10 * Sec. 2. AS 43.52.010 is amended by adding new subsections to read: 11 (b) A lease or rental is exempt from the tax imposed under (a) of this section if 12 (1) the initial lease or rental contract is for a period of 28 days or more; 13 (2) the initial lease or rental contract is in writing; and 14 (3) the lease or rental contract is not terminated before the expiration
01 of 28 days. 02 (c) An extension of a lease or rental that is exempt under (b) of this section is 03 exempt if the extension is agreed upon before the expiration of the initial 28-day lease 04 or rental period and there is no break between the initial period and the period of the 05 extension. 06 * Sec. 3. AS 43.52.020 is amended to read: 07 Sec. 43.52.020. Rate of [PASSENGER] vehicle rental tax. The rate of the 08 tax levied in AS 43.52.010 is 09 (1) 10 percent of the total fees and costs charged for the lease or rental 10 of a [THE] passenger vehicle; 11 (2) three percent of the total fees and costs charged for the lease or 12 rental of a recreational vehicle. 13 * Sec. 4. AS 43.52.030 and 43.52.040 are repealed. 14 * Sec. 5. This Act takes effect immediately under AS 01.10.070(c).