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Bill > S0092


RI S0092

Imposes a seventy-five cent (0.75) surcharge on fares charged by rideshare companies as well as an account to benefit RIPTA from the payment of sales taxes collected from rideshares.


summary

Introduced
01/31/2025
In Committee
01/31/2025
Crossed Over
Passed
Dead

Introduced Session

2025 Regular Session

Bill Summary

This act would impose a seventy-five cent ($0.75) surcharge on fares charged by rideshare or transportation network companies. This act would also require that fifty percent (50%) of the surcharge be deposited in a restricted account to be used for street improvements in the municipality where the fare originated, and fifty percent (50%) of the surcharge be deposited in a restricted account to fund Transit Forward RI. The tax administrator would promulgate rules and regulations to implement the provisions of this chapter. The act would also establish a restricted receipt account for the benefit of RIPTA funded by sales tax collected from ride-share companies such as Uber and Lyft. This act would take effect upon passage.

AI Summary

This bill introduces a new $0.75 surcharge on fares for rideshare or transportation network companies (like Uber and Lyft) in Rhode Island, with a specific allocation of those funds. The surcharge would be split equally, with 50% going to street infrastructure improvements in the municipality where the ride originated, and 50% funding Transit Forward RI, a state transportation planning initiative. Additionally, the bill establishes that all sales tax revenue collected from these transportation network companies will be deposited into a dedicated restricted receipt account to benefit RIPTA (Rhode Island Public Transit Authority). The bill defines rideshare companies as app-based platforms that connect drivers with passengers for compensated transportation. The tax administrator will be responsible for creating rules and regulations to implement these provisions, and all fund disbursements will require approval from the state's general assembly. The legislation would go into effect immediately upon its passage.

Committee Categories

Budget and Finance

Sponsors (9)

Last Action

Committee recommended measure be held for further study (on 04/08/2025)

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