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FISCAL NOTE
Senate Bill 232
Committee: Finance and Taxation General FundSponsor: Senator Chris Elliott
Analyst: Jennifer Farish Date: 05/25/2023
Senate Bill 232 as reported by the Committee on Finance and Taxation General Fund would
authorize the operation of peer-to-peer car sharing programs and would exclude the gross
proceeds derived by a shared vehicle owner (the lessor) of peer-to-peer car sharing vehicles
from payment of privilege or license taxes if sales and use taxes were paid upon the purchase of
the shared vehicle in the jurisdiction in which the shared vehicle owner purchased the vehicle or
at the time the vehicle was first titled in Alabama. This would reduce receipts to the State
General Fund by an undetermined amount dependent upon the gross proceeds derived by a
shared vehicle owner that paid sales and use taxes upon the purchase of a shared vehicle in the
jurisdiction in which the shared vehicle was purchased or at the time the vehicle was first titled
in Alabama and the amount of privilege or license taxes that would otherwise have been
collected. In addition, this bill will increase the obligations of the Department of Revenue to
report annually any decrease in the privilege or license tax on gross proceeds of which rental or
leasing attributable to the peer-to-peer car sharing program.