SB 340-Relating to Transportation Network Companies
On Tuesday, March 14th, SB 340, relating to Transportation Network Companies, by Senator Jeff Brandes (R-St. Petersburg) was heard by the Senate Committee on Banking and Insurance and passed by a vote of 7 yeas to 2 nays. AIF’s Senior Vice President of State and Federal Affairs, Brewster Bevis, stood in support of this bill.
This bill was amended by the bill sponsor to more closely match the House companion bill, HB 221. This bill now aims to establish a statewide regulatory framework for transportation network companies and how they operate throughout communities in Florida. It also defines what constitutes as a “TNC vehicle”, sets in place insurance requirements and preempts authority to the state, which will allow for a streamlined set of rules to be followed throughout the state.
SB 340 will now go to the Senate Committee on Judiciary for its second hearing.
AIF SUPPORTS statewide digital transportation service policies to create price competition, promote consumer choice, enhance customer experience, create jobs and remove anti-competitive local regulations.
SB 654-Relating to Transportation
On Tuesday, March 14th, SB 654, relating to Transportation, by Senator Jack Latvala (R-Clearwater) was heard by the Senate Committee on Transportation and passed unanimously by a vote of 4 yeas to 0 nays. AIF stood in support of this bill.
This bill shifts the distribution of the annual license taxes imposed on certain motor vehicle registrations from the General Revenue Fund to the State Transportation Trust Fund (STTF). Beginning in Fiscal Year 2019-20, 50 percent of the portion of the annual license tax that is deposited into the General Revenue Fund is shifted to the State Transportation Trust Fund; in Fiscal Year 2020-2021, the remaining 50 percent is shifted into the STTF.
SB 654 will go on to the Senate Appropriations Subcommittee on Finance and Tax for its next hearing.
AIF SUPPORTS the distribution of additional funds to the STTF in order to maintain Florida’s infrastructure.