Bill > HB05983

This bill clarifies the sales and use tax rates for peer-to-peer car sharing services, specifically establishing that such services for 30 days or less will be taxed at the same rate as rental or leasing of passenger motor vehicles, which is 9.35%. The bill defines peer-to-peer car sharing as the authorized use of a shared vehicle for financial consideration through a car sharing platform that connects vehicle owners with drivers. It provides detailed definitions for various terms related to car sharing, including what constitutes a shared vehicle, shared vehicle driver, and car sharing periods. The bill also specifies that this new tax classification will take effect on July 1, 2025, and will apply to sales occurring on or after that date. Additionally, the bill includes provisions for depositing a portion of the tax revenues into the regional planning incentive account. By creating a clear tax framework for peer-to-peer car sharing, the legislation aims to bring these emerging transportation services into a standardized regulatory and tax structure.

Budget and Finance

Finance, Revenue and Bonding Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05983&which_year=2025