The Legislative Budget Board (LBB) has determined that SB 72  will have no significant fiscal impact on the state or local governments.

While the bill introduces a consumer-friendly provision requiring rental companies to issue pro-rata refunds for damage waiver charges when a vehicle is returned early, it also expands government regulation by extending the definition of rental agreements from 30 days to 180 days. This change broadens the scope of regulatory oversight, potentially affecting businesses that primarily operate long-term leases rather than short-term rentals. While consumer protections are important, the increased regulation raises concerns about unintended restrictions on private enterprise.

From a liberty perspective, the bill supports Individual Liberty and Personal Responsibility by ensuring renters are treated fairly and not overcharged for services they do not use. This aligns with principles of consumer choice and transparent business practices. However, the expansion of rental agreement definitions may inadvertently infringe on Free Enterprise and Limited Government by increasing state oversight on companies that engage in longer-term leasing arrangements. This could lead to additional compliance costs for businesses and reduce market flexibility, potentially discouraging innovation in vehicle rental models.

• HB 1395 (Same As)