Baltimore has collected no taxes on an estimated 9 million Uber and Lyft rides per year despite a 2015 state law enabling it to do so, costing the city roughly $2.1 million in revenue annually, according to the city Finance Department.
Revenue from the city’s parking tax, meters and city-owned garages, meanwhile, has plunged a collective $4.1 million, or about 6 percent, in the past two years, according to the department, which called the growth of ride hailing “one of the factors explaining the recent sharp decline.”
“The shift to [ride hailing] has reduced income in traditional parking-related sources, but still puts pressure on the City’s aging transit infrastructure,” the department wrote in a fiscal analysis last year.
In Maryland, Uber and Lyft pay a 25-cent tax on each ride originating in Annapolis, Brunswick, Frederick, Montgomery County, Prince George’s County and Ocean City, because of the laws in those municipalities.
Click here to read the rest of the article written by Colin Campbell over at The Washington Post