Imposes a seventy-five cent (0.75) surcharge on fares charged by rideshare companies as well as an account to benefit RIPTA from the payment of sales taxes collected from rideshares.
Half of the collected surcharge will be allocated to a restricted account intended for street infrastructure improvements specifically in the municipality where the fare originated. The other half will fund 'Transit Forward RI,' a state planning council initiative aimed at enhancing public transit in Rhode Island. This dual allocation of funds signifies a potential improvement in local transportation infrastructures while simultaneously supporting state transit initiatives.
S0092 is a legislative act introduced in the Rhode Island General Assembly aimed at regulating rideshare and transportation network companies by imposing a seventy-five cent ($0.75) surcharge on fares charged to customers. The proposed surcharge is to be collected by rideshare companies such as Uber and Lyft, which operate through app-based platforms connecting drivers with passengers. This initiative aims to generate additional revenue for local municipalities and state transit organizations.
While the act aims to provide financial support for transportation infrastructure, some stakeholders may question the implications of such a surcharge on rideshare services. Concerns may arise regarding the financial burden placed on users of these services, particularly identifying if this could lead to increased ride prices that might affect accessibility and usage of rideshare platforms. Furthermore, opposition could stem from industries related to traditional taxis and public transport, who might view this as a competitive disadvantage.