Uber, Lyft Make $44M in First Two Months of Legal Operation: Report | NBC 10 Philadelphia

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Uber, Lyft Make $44M in First Two Months of Legal Operation: Report

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    Uber, Lyft Make $44M in First Two Months of Legal Operation: Report
    AP
    FILE - In this Tuesday, Jan. 12, 2016, file photo, a driver displaying Lyft and Uber stickers on his front windshield drops off a customer in downtown Los Angeles. Hailing a ride with a smartphone app in many U.S. cities could come down to a fight over fingerprints. Following incidents where Uber drivers were found to have criminal records, a growing number of state and local governments want ride-hailing drivers to undergo fingerprint background checks. Uber and its chief rival, Lyft, have fought those checks, contending their own method of vetting drivers is just as safe.

    Tax revenue data released from the School District of Philadelphia shows ride-sharing companies Uber and Lyft have brought in more than $44 million in their first two months of legal operation in the city.

    The Philadelphia Inquirer reports the district said Thursday it received nearly $358,000 in tax revenue from the July-to-September period during which the companies operated under a temporary authorization that then included a 1 percent tax per ride.

    In November, Democratic Gov. Tom Wolf signed a bill that allowed ride-sharing companies to operate legally in the state. The legislation levied a 1.4 percent tax on each ride provided through the companies' apps.

    The school district receives two-thirds of that. It expects the industry to generate between $2 million to $2.5 million for the city's schools annually.