Relates to certain rental vehicle protections; ties rate caps to consumer price index.

This bill amends the general business law to set rate caps for optional vehicle protection fees charged by rental vehicle companies. It specifies maximum fees based on the vehicle's manufacturer's suggested retail price. Starting in 2026, these caps will be adjusted annually based on the Consumer Price Index for All Urban Consumers. The bill also mandates that airports receiving state funds ensure rental vehicle companies have concession agreements. It makes these provisions permanent.

Relates to certain rental vehicle protections; ties rate caps to consumer price index.

This bill amends the general business law to set rate caps for optional vehicle protection fees charged by rental vehicle companies. It specifies maximum fees based on the vehicle's manufacturer's suggested retail price. Starting in 2026, these caps will be adjusted annually based on the Consumer Price Index for All Urban Consumers. The bill also mandates that airports receiving state funds ensure rental vehicle companies have concession agreements. It makes these provisions permanent.