Bill > HB1273

This bill establishes new regulations for transportation network companies (TNCs), which are companies like Uber and Lyft that connect drivers with passengers through digital platforms. The key provision is that a TNC cannot keep more than 20% of the "consumer fare," which is the total amount a passenger pays for a ride, excluding tips, tolls, taxes, and certain airport fees. This 20% limit also applies to any fees a TNC might charge a driver; the fee plus the TNC's retained portion cannot exceed 20% of the consumer fare. The bill also mandates that TNCs must provide annual disclosures to the state detailing various aspects of their operations, including the "take rate" (the percentage of the consumer fare the TNC retains) and the "take amount" (the actual portion of the consumer fare the TNC keeps). This legislation aims to address concerns that TNCs have been increasing the amount they retain from rides, leading to lower driver pay and potentially higher costs for consumers, and to ensure fairer treatment for both drivers and passengers.