CS/CS/HB 377 - Motor Vehicle Rentals Summary

• Applies 6% sales tax to peer-to-peer car-sharing program rentals (including short-term rentals under 12 months) with peer-to-peer car-sharing programs required to collect and remit taxes.

• Imposes $2 per day surcharge on motor vehicle rentals by rental companies and peer-to-peer car-sharing programs for the first 30 days, with $1 per usage surcharge for car-sharing service members under 24 hours.

• Allocates surcharge revenue: 80% to State Transportation Trust Fund, 15.75% to Tourism Promotional Trust Fund, and 4.25% to Florida International Trade and Promotion Trust Fund.

• Requires peer-to-peer car-sharing programs to maintain specified motor vehicle insurance coverage (property damage, bodily injury, personal injury protection, and uninsured/underinsured motorist) during each car-sharing period and establishes liability framework.

• Mandates recordkeeping, driver license verification, safety recall procedures, and consumer disclosures by peer-to-peer car-sharing programs; effective January 1, 2021.