Section 94 TNC Assessment Distribution 4
Notwithstanding any general or special law to the contrary, the amounts of the transportation network company per ride assessment established under subsection (b) of section 8 of chapter 187 of the acts of 2016, that have been collected and transferred before July 1, 2020 to the Massachusetts Development Finance Agency established in section 2 of chapter 23G of the General Laws, shall remain available to provide financial assistance to small businesses operating in the taxicab, livery or hackney industries to encourage the adoption of new technologies and advanced service, safety and operational capabilities and support workforce development.
Summary
This section provides that the portion of the TNC per-ride assessment collected and transferred to the Massachusetts Development Finance Agency prior to July 1, 2020 shall remain available to provide financial assistance to small businesses operating in the taxicab, livery, or hackney industries.