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Car Rental Companies to be Hit Hard by New Tax Plans
Rental car companies are now being targeted by state and local governments as a new way to help fund civic projects such as stadiums, art centers, and convention centers. Las Vegas, Dallas, Arkansas and Wisconsin have already put plans in to place to tax car renters to pay for these new projects.
Here are some examples of different taxes and where the new money is going to. Revere, Mass is charging an extra $10 per transaction for fire and police stations. Kansas City is charging customers $4 a day to help renovate their down town area. Dallas renters are charged an extra 5 percent to help pay for the new Dallas
Mavericks Stadium, the American Airlines Center. Arkansas is using part of the 10 percent renters tax to go toward increasing teacher salaries.
Overall the new tax plans appear to be a gigantic help in funding state and local projects. While the prices of renting a car may be on the rise in the .u.s, out of town business travelers and the companies footing the bill for their travel plans will be the ones paying. This tax plan will continue to provide money for state and local projects to ease in the financial burden.
Article from http://www.njrentacar.com.
Written By: Mike Mavison
