Heads up, Bay Area commuters who favor a quick taxi or Uber ride—new taxes are on the way. The North Carolina Department of Revenue (NCDOR) is gearing up to roll out the Transportation Commerce Tax, which is set to impact how much you'll pay for your rides around town. Starting July 1, passengers hailing a ride through taxis or transportation network companies will begin to see this new tax on their receipts, as reported by the NCDOR's official announcement.
Planning to ride solo or share your journey? Be prepared to pay accordingly. Exclusive rides will carry a 1.5 percent tax on the gross receipts, while choosing to share your ride will lower the tax hit to 1.0 percent. Transportation providers need to get their act together and register with the NCDOR before July 1 to avoid any compliance hiccups. The NCDOR, according to their website, will be the new collection point for this tax once it kicks in.
The agency says it's all in the name of funding public services, which, guess what, includes transportation. The folks at NCDOR have it all laid out on their site, offering up a hearty FAQ section for both riders and companies to quickly get to situate with the new rules.
A representative from the NCDOR is available to provide detailed information. Company spokespeople emphasize that their role is to administer the state’s tax laws fairly and to ensure taxes are collected as efficiently as possible, securing necessary funding for North Carolina’s public services.
