HB735 Summary

• Expands the definition of "vehicle license recovery fees" to include motor vehicle weight taxes, special vehicle registration fees, license plate fees, inspection fees, highway beautification fees, and use taxes that rental companies can pass on to customers.

• Changes the prorated daily recovery fee calculation from 1/365th to 1/292nd of annual vehicle license recovery fees, allowing rental companies to recover a larger portion of government fees from each rental transaction.

• Requires all rental car companies to submit annual audits conducted by third-party certified public accountants to the office of consumer protection beginning March 1, 2019.

• Mandates the motor vehicle rental industry to report to the legislature prior to the 2019 regular session on the effect of the law on average vehicle license recovery fees per customer and average vehicle service time.