Bill > HB4379

This bill updates Texas tax law to specifically address peer-to-peer car sharing programs, which are digital platforms that allow vehicle owners to rent their personal cars to other drivers. The bill defines key terms like "peer-to-peer car sharing program" and "shared vehicle," and establishes new tax collection and reporting requirements for these programs. Under the new provisions, peer-to-peer car sharing program providers will be responsible for collecting, reporting, and paying gross rental receipts tax to the state comptroller, similar to traditional car rental companies. The bill clarifies that the tax is only due if the vehicle owner originally registered the vehicle as a rental vehicle instead of paying standard motor vehicle sales or use tax. Additionally, the bill mandates that car sharing program providers must maintain records for four years and send monthly reports to vehicle owners detailing the gross rental receipts tax collected. The legislation includes protections for providers, such as exempting them from tax liability if they can demonstrate good faith reliance on incorrect information from vehicle owners. The bill is set to take effect on October 1, 2025, and will not apply to transactions that occurred before that date.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB4379