Leave it to politicians and crony corruptocrats to ruin a good thing. North Carolina’s House Transportation Committee has passed a bill that would regulate, and of course tax, ride sharing companies such as Uber. The next stop is the House Finance Committee. Here is an excerpt from Carolina Journal:
The bill would
require transportation network companies to pay $5,000 per year to the state.
That fee is per company, not per driver.
The bill would require companies to have insurance on drivers, said Sen. Floyd McKissick, D-Durham, the sponsor of the bill. The minimum insurance requirement would cover liabilities of $50,000 for one person, $100,000 for two or more people, and $50,000 for property damage when a driver for one of the companies is driving but not transporting a passenger, McKissick said. When a passenger is on board, the company will be required to have $1.5 million in insurance to cover death, injury, or property damage.
Public airports in the state would be required to allow transportation network companies access to passengers at the airport, similar to how they allow access to taxis. The bill also would clarify that drivers for the companies are considered independent contractors and not employees of the company.
Cars used by such drivers would not be required to bear a “for-hire” license tag. Cars would have to maintain annual safety inspections and companies would have to conduct background checks on contracted drivers.
The bill would require companies to have insurance on drivers, said Sen. Floyd McKissick, D-Durham, the sponsor of the bill. The minimum insurance requirement would cover liabilities of $50,000 for one person, $100,000 for two or more people, and $50,000 for property damage when a driver for one of the companies is driving but not transporting a passenger, McKissick said. When a passenger is on board, the company will be required to have $1.5 million in insurance to cover death, injury, or property damage.
Public airports in the state would be required to allow transportation network companies access to passengers at the airport, similar to how they allow access to taxis. The bill also would clarify that drivers for the companies are considered independent contractors and not employees of the company.
Cars used by such drivers would not be required to bear a “for-hire” license tag. Cars would have to maintain annual safety inspections and companies would have to conduct background checks on contracted drivers.
Eventually this
country is going to end up like other third world hellholes. Black market economy here we come.
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