No, if you have more than one location, each location must have its own rental license number, however; one tax return can be filed for all locations.
Once the registration has been processed the Exemption form will be filed with the Rental Company License and Application for audit purposes
Once licensed as a VT Rental Company you will receive a Rental Company License and Rental Company Tax reports from the Dept of Motor Vehicles.
The 9% rental tax is remitted to the Department of Motor Vehicles on a monthly basis.
Any pleasure car being rented in Vermont requires the renter be a licensed Rental Company.
A “Rental Company” is defined as any person offering pleasure cars for rent/loan on a short term basis.
The applicant must complete a Rental Company License application which must include a listing of ALL rental vehicles in the company’s fleet. A surety bond will be required in the amount determined by the DMV. The rental company will be issued a Rental License number for each rental location.
The 9% rental tax must be collected on all vehicles being rented on a short term basis.
The license also allows the rental company to be exempt from paying the purchase and use tax. A 9% rental tax must be collected on all pleasure car rentals and loaners.
Pleasure cars being rented for less than one year. It shall also mean rentals of trailer coaches and trucks having a gross weight of 26,000 pounds or less and trailers or semi-trailers having a gross weight of 3,000 pounds or less.
If a vehicle is rented for less than 30 days in a continuous period of 365 days, or for less than 60 days in a continuous period of 730 days; or the vehicle is no longer used in a short term rental, then the 6% purchase and use tax would be due.
