The ruling stems from a 2018 lawsuit regarding Turo’s San Francisco International Airport (SFO) operations and the collection of the airport’s permit fees.
The company, which says it has over 5 million users, has been previously valued at over $1 billion by investors.
Proposed bipartisan legislation will clarify that, under existing Virginia law, the platform — not vehicle owners or “hosts” — is responsible for collecting and remitting all appropriate rental taxes.
Exiting a year of record revenues, the new year brings challenges from market disruptors, incumbent players new to the U.S. market, and new mobility models.
Vinty offers a selection of more than 2,000 vintage cars in 14 destinations around the United States and has an established track record in the event and production industries.
The bill's aim is to reduce regulations around peer-to-peer carsharing.
The Miami Beach-based company provides access to an expansive, expertly-curated portfolio of luxury assets and experiences on one convenient peer-to-peer platform.
Enterprise Holdings anticipates that Senate Bill 904 not only will receive bipartisan support in Pennsylvania, but also will facilitate a public debate about how consumer transparency and fair competition benefit all airports and the travel industry across the state.
Perpetoo's owners told the news outlet they expect over 3,000 vehicles to be listed and over 25,000 rentals to occur within the first year.
The legislation, signed into law last week, defines consumer requirements for peer-to-peer rentals, addressing insurance, pricing disclosures and safety recalls, as well as confirms that peer-to-peer providers are categorized as "vendors" for tax purposes.