New York A08851 ties rental vehicle rate caps to consumer price index and makes protections permanent.

New York A08851 amends the general business law to adjust the maximum amounts rental vehicle companies can charge for optional vehicle protection. Starting January 1, 2027, these caps will be adjusted annually based on the Consumer Price Index for All Urban Consumers, as reported by the United States Bureau of Labor Statistics. The bill also makes these rental vehicle protections permanent.

New York A08851 ties rental vehicle rate caps to consumer price index and makes protections permanent.

New York A08851 amends the general business law to adjust the maximum amounts rental vehicle companies can charge for optional vehicle protection. Starting January 1, 2027, these caps will be adjusted annually based on the Consumer Price Index for All Urban Consumers, as reported by the United States Bureau of Labor Statistics. The bill also makes these rental vehicle protections permanent.