Texas SB1363 amends tax laws to clarify the tax obligations of marketplace rental providers and vehicle owners for motor vehicle rentals.
Texas SB1363 amends the Local Government Code and Tax Code to redefine the tax obligations for motor vehicles rented through marketplace rental providers. The bill specifies that marketplace rental providers must collect, report, and pay taxes on gross rental receipts to the comptroller, similar to how retailers collect sales tax. Owners of vehicles rented through these providers can opt to report and pay the tax themselves, with the provider forwarding collected taxes to the owner.
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