The bill amends the Tax Reform Code of 1971, specifically focusing on the Public Transportation Assistance Fund. It establishes that funds deposited into this special fund will be utilized as provided by law. Additionally, the bill increases the tax imposed on motor vehicle leases from three percent to five percent of the total lease price.

Furthermore, the bill raises the rental fee for motor vehicles from two dollars to six dollars and fifty cents per day. It also modifies the fee structure for car-sharing rentals, increasing the fee for rentals of six hours or more from two dollars to six dollars and fifty cents. The changes aim to enhance funding for public transportation initiatives in Pennsylvania. The act is set to take effect immediately upon passage.