Alabama Enacts Peer-To-Peer Car Sharing Program Act, Includes Tax Provisions

The Alabama Governor signed the Peer-to-Peer Car Sharing Program Act. The law includes: 1) authorizing peer-to-peer car sharing programs; 2) providing a privilege tax or license tax of 1.5 percent of the gross proceeds collected by a peer-to-peer car sharing program, but only for those transactions where the shared vehicle was not subject to applicable sales and use taxes upon purchase in the jurisdiction where the shared vehicle owner purchased the vehicle, or if sales and use taxes were not paid at the time of initial titling and registration in Alabama; and 3) beginning Oct. 1, any peer-to-peer car sharing ...