AK SB127

Establishes a 10 percent tax on passenger vehicle rentals not arranged through a vehicle rental platform and an 8 percent tax on rentals arranged through a vehicle rental platform

Requires vehicle rental platforms that arranged or executed more than 200 transactions in the preceding calendar year to collect and pay taxes to the department and provide related books, papers, and records

Exempts vehicle rental platform companies from tax liability if they fail to collect or pay tax due to incorrect or insufficient information from vehicle owners, provided they made reasonable efforts to obtain correct information

Modifies tax subpoena enforcement procedures by allowing the Department of Revenue to report non-compliance to the superior court and seek court orders compelling obedience to subpoenas

Prohibits the Department of Revenue from assessing or collecting vehicle rental taxes imposed before the effective date of this Act on transactions arranged through vehicle rental platforms, and bars related court proceedings