XN000022-1991-04-17 — Page 42

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WEDNESDAY, APRIL 17, 1991

PASSENGER OF FIRST

OWNERS OF LIGHT VANS WHICH HAD BEEN USED FOR PRIVATE PURPOSES HAD BEEN ABLE TO TAKE ADVANTAGE OF THE LOWER RATE REGISTRATION TAX AND ANNUAL LICENCE FEES INTENDED FOR GOODS VEHICLES.

THE EFFECTIVENESS OF EXISTING TRANSPORT MEASURES TO PRIVATE CAR OWNERSHIP WAS THUS UNDERMINED.

DISCOURAGE

THE TAX

TONNES IN WEIGHT AND ΤΟ DOUBLE

"TO REMEDY THIS SITUATION, IT IS PROPOSED TO INCREASE ON VAN-TYPE LIGHT GOODS VEHICLES NOT EXCEEDING 1.9 3.6 TIMES, TO THE SAME RATE AS THAT FOR PRIVATE CARS, THE TAX ON VANS WEIGHING MORE THAN 1.9 TONNES.

"A SIMILAR INCREASE IN LICENCE INTRODUCED LATER IN THE FEES INCREASE ( SAID.

FEES (1991

FOR VANS WILL ALSO BUDGET} BILL 1991, "

MEASURES, AFTER THESE SIR PIERS SAID LICENCED GOODS VEHICLES WAS ESTIMATED TO FALL THAN THE UNRESTRAINED PROJECTED NUMBER.

BE

HE

THE TOTAL то 22 PER

NUMBER OF CENT LESS

VEHICLES

FOR GOODS

THE COST IMPACT ON BUSINESSES USING THESE

SIGNIFICANT BECAUSE OF THE SMALL TRANSPORT WAS NOT EXPECTED TO BE PROPORTION OF TRANSPORT SERVICES TO TOTAL BUSINESS COSTS.

REGISTRATION HE SAID THE PROPOSED RATES OF MOTOR VEHICLE FIRST

FOR A SEMI-LUXURY TAX WERE 90 PER CENT FOR BASIC CAR, 105 PER CENT

GOODS VEHICLE CAR, 120 PER CENT FOR A LUXURY CAR, 35 PER CENT FOR A

VAN NOT EXCEEDING 1.9 TONNES, OTHER THAN A VAN, 90 PER CENT FOR A

MOTOR 50 PER CENT FOR A VAN EXCEEDING 1.9 TONNES, AND 35 PER CENT FOR CYCLES AND MOTOR TRICYCLES.

"THE IMPLEMENTATION

OF

THESE

PROPOSALS WILL RESULT

ARE NO STAFFING ESTIMATED ADDITIONAL $460 MILLION IN 1991/92. THERE IMPLICATIONS, HE ADDED.

IN

AN

DEBATE ON THE BILL WAS ADJOURNED.

BILL TO EFFECT TRANSPORTATION FEES INCREASE INTRODUCED

*

A BILL TO GIVE LEGISLATIVE EFFECT TO THE PROPOSALS IN THIS YEAR'S BUDGET TO INCREASE MARINE BERTHING AND PASSENGER EMBARKATION FEES, THE TOLLS FOR THE ABERDEEN AND SHING MUN TUNNELS, DRIVING AND ANNUAL LICENCE FEES AND TO TAX-LOAD THE TRANSFER OF VEHICLE OWNERSHIP FEE IS INTRODUCED IN THE LEGISLATIVE COUNCIL TODAY (WEDNESDAY).

-

MAINLY то

MOVING THE SECOND READING OF THE FEES INCREASE (1991 BUDGET) BILL 1991, THE FINANCIAL SECRETARY, THE HON SIR

SAID: JACOBS, EXCEPT FOR THE VEHICLE OWNERSHIP TRANSFER

THE PROPOSED

INCREASES SERVE

MAINTAIN REVENUE

WITH

PIERS FEE,

YIELDS

LINE IN

INFLATION.

/"THE INCREASE

+

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