HB 26-1273

HB 26-1273 is a Colorado bill that limits how much ride-sharing companies like Uber and Lyft can take from each trip's earnings. They are not allowed to keep more than 20% of what passengers pay for the ride, excluding any extra charges like tolls or airport fees. This means drivers get to keep at least 80% of their earnings after these limits are applied. The bill also requires these companies to report annually on how they handle fees and payments, making it easier for drivers to understand where their money goes. Since the bill has been signed into law, ride-sharing drivers in Colorado will now have clearer guidelines about what portion of each fare is theirs to keep.

Official Summary

The bill prohibits a transportation network company (TNC) from retaining more than 20% of a consumer fare paid for a driver's completion of a transportation task through the TNC's digital platform. 'Consumer fare' is defined in the bill as the amount a consumer pays for a transportation task, excluding tips, and pass-throughs such as payments for tolls, taxes, airport fees, and payments for a certified driver support organization . The amount that a TNC excludes from a consumer fare payment for a certified driver support organization must not exceed the per-task amount determined by rule and must be remitted to the certified driver support organization. Pass-throughs must be paid to the driver. A TNC is also not allowed to impose a fee on a TNC driver unless the amount of the fee plus the amount that the TNC retains from a consumer fare does not exceed 20% of the consumer fare.      The bill adds disclosures regarding airport fees, pass-throughs, taxes, and payments for a driver support organization to be added to periodic disclosures TNCs make to the division of labor standards and statistics in the department of labor and employment and changes the frequency of the disclosures from semi-annual reporting to annual reporting.      Finally, the bill applies the same process to complaints against TNCs concerning violations of disclosure and deactivation policy requirements as the process that is applied to wage complaints.(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

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