§ 24-4-9-11.1 — Vehicle license cost recovery fee; estimates; adjustment

Indiana § 24-4-9-11.1

• Jurisdiction: Indiana
• Art. 4: REGULATED BUSINESSES
• Ch. 9: Motor Vehicle Rental Companies

Text

1. (a) A rental company may include in a
rental agreement separately stated surcharges, fees, and charges,
including vehicle license cost recovery fees, airport access fees, airport
concession fees, and any applicable taxes.
(b) A vehicle license cost recovery fee that is included as a
separately stated fee in a rental agreement must represent the rental
company's good faith estimate of the rental company's daily charge
necessary to recover the rental company's actual total annual vehicle
licensing, titling, registration, plating, and inspection costs.
(c) If a rental company collects, in a calendar year, vehicle license
cost recovery fees in an amount that exceeds the rental company's
actual total vehicle licensing, titling, registration, plating, and
inspection costs for the calendar year, the rental company shall do the
following:
(1) Retain the excess amount.
(2) Reduce the vehicle license cost recovery fee for the following
year by a corresponding, proportionate amount.
(d) This section may not be construed to prevent a rental company
from adjusting its vehicle license cost recovery fee during a calendar
year.

Legislative History

As added by P.L.198-2016, SEC.654.