A state representative in Oklahoma has filed a bill that would set regulatory standards for the nascent peer-to-peer rental car industry.
Rep. Lonnie Sims (R-Jenks) says House Bill 3655 supports both the growth and the fair and equitable regulation of the peer-to-peer rental car industry. Oklahoma, like many states, has seen the dramatic growth of car rental companies that allow customers to rent automobiles directly from owners and pay through a smartphone app.
Sims says his bill would establish clarity regarding regulations and taxation. The bill would:
- Require all automobiles rented on peer-to-peer platforms to have valid insurance;
- Clarify that cars rented on peer-to-peer platforms are subject to the Oklahoma Vehicle Rental Tax and Oklahoma sales taxes; and
- Clarify that vehicles rented through peer-to-peer platforms may operate lawfully at Oklahoma airports so long as the relevant peer-to-peer company and airport have reached a vendor agreement.
In a statement, Sims said the “goal is to make sure there is clarity about how these businesses are regulated so they can continue their growth while taking responsibility for insuring their vehicles, paying taxes and playing by the same rules as other rental car companies.”
Source: Oklahoma House of Representatives
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