Substitute Bill No. 5470 Summary

• Transportation network companies must disclose fares to riders before rides and transmit initial electronic receipts within 5 minutes and finalized receipts within 24 hours, including date, time, origin, destination, distance, driver name, fare itemization, and driver compensation with all calculation factors.

• Transportation network company drivers must receive similar electronic receipts showing total ride time and distance, distance from request to pickup, fares charged, pay rates (per minute, per mile, percentage of fare, dynamic pricing), tips, gross and net payments, and itemized deductions, with weekly summaries provided to drivers.

• All payment for prearranged rides must be made through the company's digital network only; cash payments are prohibited.

• Dynamic pricing is capped at 2.5 times the usual price during disaster emergency declarations, transportation emergency declarations, or federal major disaster declarations.

• Third-party delivery companies must provide similar receipt and payment transparency requirements for delivery drivers, with definitions covering groceries, food, beverages, and commercial goods from at least 10 separately owned food service establishments.

• Commissioner of Transportation must negotiate a regional memorandum of understanding with New York, Massachusetts, Rhode Island, and New Jersey by January 1, 2025, to allow drivers licensed in one state to provide rides originating in another state.