It is unlawful for any person to act as a rental company without being licensed as such.
On or before January 1 of each year, an applicant for a rental company license shall file an application furnished by the Commissioner. The application shall not be under oath but shall contain a declaration that it is made under the penalties of perjury. Upon receipt and review of an application the Commissioner may issue a license to an applicant which will remain in effect for one year or until such time as surrendered or revoked.
“Rental of pleasure cars on a short-term basis,” or words of similar import, means rentals of pleasure cars for a rental period of less than one year. It shall also mean rentals of trailer coaches and trucks having a gross vehicle weight of 26,000 pounds or less; and of trailers and semi-trailers having a gross weight of 3,000 pounds or less; for a rental period of less than one year. It shall not apply to school buses.
“Rental company” means any person offering pleasure cars for rent on a short-term basis.
There is a use tax imposed on the rental charge of each transaction, in which the renter takes possession of the vehicle in this State, during the life of a pleasure car purchased for use in short-term rentals, which tax is to be collected by the rental company from the renter and remitted to the Commissioner. The amount of the tax shall be nine percent of the rental charge. Rental charge means the total rental charge for the use of the pleasure car, but does not include a separately stated charge for insurance, or recovery of refueling cost, or other separately stated charges which are not for the use of the pleasure car.
Any person registering a pleasure car in this State subject to the tax imposed must pay the tax imposed on a monthly or quarterly basis, as determined by the commissioner.