Bill > HB2872

This bill amends provisions relating to the collection, remittance, and administration of certain taxes on motor vehicles rented through a marketplace rental provider. The key changes are: 1. Marketplace rental providers are required to collect and remit the local motor vehicle rental tax and the state gross rental receipts tax for vehicles rented through their platforms. Owners who rent vehicles through a marketplace provider are no longer required to collect and remit these taxes, unless they elect to do so. 2. Marketplace rental providers and vehicle owners must keep records of gross rental receipts and taxes paid for at least four years. Penalties are established for failure to timely file required reports. 3. The definition of "gross rental receipts" is amended to include amounts received by marketplace rental providers, in addition to vehicle owners. 4. Provisions are added to specify the responsibilities of marketplace rental providers versus vehicle owners in collecting, reporting, and remitting the applicable taxes. The bill applies to rental agreements entered into on or after September 1, 2019, the effective date of the legislation.