Bill > H4058

This bill establishes a comprehensive legal framework for peer-to-peer car sharing programs in South Carolina, defining key terms and outlining insurance, liability, and operational requirements. The legislation creates a new chapter in the state's vehicle code that defines peer-to-peer car sharing as a process where vehicle owners can share their cars with drivers through a digital platform for financial compensation. The bill mandates that car sharing programs must assume liability for third-party damages during the car sharing period and requires insurance coverage for shared vehicles that meets minimum state requirements. The programs must verify drivers' licenses, collect and retain transaction records, and notify vehicle owners about potential insurance and lien considerations. The bill also addresses safety concerns by requiring programs to check for and notify owners about vehicle safety recalls. Additionally, the legislation specifies that peer-to-peer car sharing transactions may be subject to sales taxes if the vehicle was purchased without paying applicable taxes, and it provides that these new regulations will supersede any conflicting existing laws. The bill aims to provide clear guidelines for a growing form of vehicle sharing while protecting the interests of vehicle owners, drivers, and third parties.

Business and Industry

https://www.scstatehouse.gov/billsearch.php?billnumbers=4058&session=126&summary=B