A new levy on transportation networking companies in Massachusetts will raise funds to help level the playing field for taxi businesses.
"Massachusetts is preparing to levy a 5-cent fee per trip on ride-hailing apps such as Uber and Lyft and spend the money on the traditional taxi industry," according to an article by David Ingraham.
Ingraham describes the levy as the first of its kind in the United States. Governor Charlie Baker has already signed the law, which "levies a 20-cent fee in all, with 5 cents for taxis, 10 cents going to cities and towns and the final 5 cents designated for a state transportation fund."
FULL STORY: Massachusetts will give more money to taxis by taxing apps like Uber and Lyft
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