INTERIM. Sharing Economy. Taxing Ride Share Apps. 3 Pieces Informed Intel.

Massachusettes ride share legislation will tax ride share transactions via app.

What you need to know about taxing an app:

• 20 cents per trip tax, with a breakdown of:
  • 5 cents to taxi industry
  • 10 cents to local governments
  • 5 cents to a designated state transportation fund
• The app tax revenue will be given to the taxi industry as a subsidy for the purposes of:
  • new technologies
  • advanced service safety
  • operational capabilities
  • support workforce development.
• Its the first ride share app tax in the nation

Reuters | Massachusetts to tax ride-hailing apps, give the money to taxis