North Carolina Administrative Code
Title 19A - TRANSPORTATION
Chapter 03 - DIVISION OF MOTOR VEHICLES
Subchapter E - INTERNATIONAL REGISTRATION PLAN (IRP) SECTION
Section .0300 - REGISTRATION OF RENTAL VEHICLES BY NONRESIDENTS
Section 03E .0304 - U DRIVE IT CAR REGISTRATION
Universal Citation: 19A NC Admin Code 03E .0304
Current through Register Vol. 39, No. 6, September 16, 2024
(a) The minimum number of passenger cars rented or leased to be operated by the lessee and to be licensed in North Carolina at the beginning of each registration year (determined by staggered registration) shall be determined as follows:
(1) Divide gross revenue earned in North
Carolina by gross revenue earned in all jurisdictions during the preceding
accounting year. The preceding accounting year means the 12 consecutive months
January 1 thru December 31 (or as otherwise approved by the Commissioner),
immediately preceding the registration year for which the application is
filed.
(2) Multiply the North
Carolina percent times the total number of passenger cars (u-drive-it) owned or
operated as of the first day of the month of the registration year (determined
by the staggered registration system).
(3) When equipment is added to the fleet
after the original application is filed for any registration year, the same
percent used at the beginning of that registration year shall be used to
determine the number of passenger cars (u-drive-it) subject to registration in
North Carolina during that particular month and each month thereafter through
that registration year.
(b) A record of gross revenue earned in each jurisdiction, a record of licenses purchased and dates (day, month and year) shall be maintained for three years.
Authority
G.S.
20-1;
20-4.01(27)e;
20-66;
20-86.1;
Eff. July 1,
1978;
Amended Eff. December 1, 1993; November 1, 1991; July 1,
1983; February 1, 1982.
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