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NY A09343
Bill
Status
12/16/2022
Primary Sponsor
William Magnarelli
Click for details
AI Summary
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Adds definition of "vehicle cost recovery fee" to General Business Law as the allowable recovery by rental companies from renters for actual costs to title, register, plate, and inspect rental vehicles.
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Requires rental companies to conduct an annual audit to determine the vehicle cost recovery fee amount and retain audit records for at least five years.
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Permits rental companies to separately state and charge a vehicle cost recovery fee in addition to rental rates, taxes, airport fees, and mileage charges.
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Makes amendments effective immediately and subject to the existing expiration date of the affected section of General Business Law.
Legislative Description
Provides for an allowable recovery by a rental vehicle company from its renters for actual costs incurred to title, register, plate and inspect rental vehicles as determined by an annual audit conducted by the rental vehicle company.
Last Action
tabled
12/16/2022