TX SB1363

Defines "marketplace rental provider" as a person who operates a marketplace (physical store, website, mobile app, or catalog) where vehicle owners list their vehicles for rent, facilitates rental transactions, and collects or processes payments for the vehicle owner

Requires marketplace rental providers to collect and remit the gross rental receipts tax and applicable local venue taxes on motor vehicles rented through their platforms, rather than placing this burden on individual vehicle owners

Allows vehicle owners who rent through marketplace providers to elect to collect and pay taxes themselves if they register with the comptroller and notify the provider in writing; in such cases, the provider must forward collected taxes to the owner

Mandates marketplace rental providers certify to vehicle owners that taxes have been collected, reported, and paid; owners who accept this certification in good faith are relieved of tax collection obligations

Requires marketplace rental providers to maintain records for four years, send monthly tax reports to vehicle owners, register as retailers with the comptroller, and imposes a $50 penalty for failure to timely file required reports

Takes effect October 1, 2025, and applies only to rental agreements entered into on or after that date