Bill > SB1578

This bill amends laws related to the collection, remittance, and administration of certain taxes on motor vehicles rented through a marketplace rental provider. Key provisions include: 1. Requiring marketplace rental providers (e.g., online platforms that facilitate vehicle rentals) to collect and remit local taxes on rental transactions, rather than the vehicle owners. 2. Allowing vehicle owners to elect to report and pay the taxes themselves, rather than having the marketplace provider do it. 3. Specifying record-keeping requirements and penalties for non-compliance for both vehicle owners and marketplace providers. 4. Clarifying that the gross rental receipts tax under state law applies to rentals facilitated by marketplace providers. The bill applies only to rental agreements entered into on or after its effective date of September 1, 2019.