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File #: O-106-19    Version: Name:
Type: Ordinance Status: Tabled
File created: 3/18/2019 In control: Budget Committee
On agenda: 10/17/2019 Final action: 10/17/2019
Title: AN ORDINANCE AMENDING CHAPTER XX OF THE LOUISVILLE METRO CODE OF ORDINANCES BY CREATING A NEW SECTION REGARDING THE MOTOR VEHICLE RENTAL LICENSE FEE. (AS AMENDED)
Sponsors: Bill Hollander (D-9), Markus Winkler (D-17), David James (D-6), Brent Ackerson (D-26)
Attachments: 1. O-106-19 V.2 082919 Amending LMCO XX for New Section for Motor Vehicle Rental License Fee.pdf, 2. O-106-19 V.1 032119 Amending LMCO XX for New Section for Motor Vehicle Rental License Fee.pdf, 3. O-106-19 PROPOSED CAM 071819 - Motor Vehicle Rental License Fee sjm As Amended 7-16-19.pdf
ORDINANCE NO. __________, SERIES 2019
Title
AN ORDINANCE AMENDING CHAPTER XX OF THE LOUISVILLE METRO CODE OF ORDINANCES BY CREATING A NEW SECTION REGARDING THE MOTOR VEHICLE RENTAL LICENSE FEE. (AS AMENDED)
body
SPONSORED BY: COUNCIL PRESIDENT JAMES AND COUNCIL MEMBERS HOLLANDER, WINKLER AND ACKERSON
WHEREAS, The Kentucky Revised Statute ("KRS") ? 68.200 enables Louisville Metro Government to adopt a motor vehicle rental license fee on the rental of motor vehicles as described below;
WHEREAS, Louisville Metro Government faces significant revenue shortfalls as a result of its increased pension obligations to the state; and
WHEREAS, Louisville Metro Council creates a new chapter of Louisville Metro Code of Ordinances to establish a motor vehicle rental license fee on the rental of motor vehicles.
NOW, THEREFORE, BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AS FOLLOWS:

SECTION I: A new chapter of the Louisville Metro Code of Ordinances ("LMCO") is hereby enacted to read as follows: MOTOR VEHICLE RENTAL LICENSE FEE
SECTION II: A new chapter of the LMCO XX is hereby enacted to read as follows:
? XX.01 DEFINITIONS.
For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
GROSS RENTAL CHARGE as defined in KRS ? 138.462(4).
MOTOR VEHICLE as defined in KRS ? 186.010(8)(a).
RETAILER as defined in KRS ? 139.010.
REVENUE COMMISSION. Louisville/Jefferson County Metro Revenue Commission as established in LMCO ? 32.450, et seq.
? XX.02 LEVY OF LICENSE FEE.
Louisville Metro Government hereby levies a motor vehicle rental license fee on the rental of motor vehicles in the amount of 3% of the gross rental charges from rental agreements for periods of 30 days or less (the "license fee"). The license fee applies to rentals by retailers who receive more than 75% of their gross revenues generated in Je...

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