SB 550

Transportation network companies; publishing and disclosure requirements. Requires a transportation network company (TNC) to (i) issue an annual report to the Commissioner of the Department of Motor Vehicles containing the aggregate data regarding the average fare collected from passengers, the total time driven by TNC partners while transporting a passenger, and the total amount earned by TNC partners in connection with prearranged rides; (ii) disclose to TNC partners information about the deactivation process; (iii) provide a weekly summary that includes the total fare collected from passengers, the total amount earned, and the percentage earned by such TNC partner that week; and (iv) provide an itemized receipt upon the completion of each ride. The bill has a delayed effective date of January 1, 2027.