Colorado HB1273 limits the maximum percentage a transportation network company can retain from a consumer fare to 20%.
Colorado HB1273 aims to prevent price gouging by transportation network companies (TNCs) by capping the maximum percentage they can retain from a consumer fare at 20%. The bill defines "consumer fare" as the amount paid by a consumer for a transportation task, excluding tips and pass-throughs. A TNC is prohibited from retaining more than 20% of the consumer fare and cannot impose a fee on a driver unless the combined take amount and fee do not exceed 20% of the consumer fare. The bill seeks to ensure that drivers receive at least 80% of the consumer fare paid for their services.
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