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NY A08828
Bill
Status
1/12/2022
Primary Sponsor
Kevin Cahill
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AI Summary
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Amends insurance law to establish group insurance policies for peer-to-peer car sharing programs, allowing administrators to provide financial responsibility coverage to shared vehicle owners and drivers.
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Permits shared vehicle owners' personal auto insurance policies to exclude coverage during peer-to-peer car sharing periods, provided insurers notify owners of no duty to defend or indemnify.
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Imposes 3% state tax plus additional 3% metropolitan or regional transportation district taxes on gross receipts paid by shared vehicle drivers using peer-to-peer car sharing.
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Repeals Article 29-D of tax law and replaces it with Article 28-D establishing peer-to-peer car sharing tax collection and deposit procedures, with revenue directed to state general fund and transportation accounts.
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Extends effectiveness date of 2021 peer-to-peer car sharing program legislation from 90 days to 180 days, with tax provisions taking effect on first sales tax quarter following the 180-day period.
Legislative Description
Relates to the peer-to-peer car sharing program act, which provides guidelines for establishing peer-to-peer car sharing programs and outlines how they shall be insured, which cars shall be used, how drivers shall work under such programs, and how liability should be determined under such programs in the case of an accident or damaged property.
Last Action
substituted by s7838
2/14/2022