(a) Vicarious liability.  A peer-to-peer car sharing program and a shared vehicle owner shall be exempt from vicarious liability consistent with 49 U.S.C. § 30106 and under any state or local law that imposes liability solely based on vehicle ownership.

(b)  Rental vehicle surcharge.   The receipts of the peer-to-peer car sharing program and the receipts of the shared vehicle owner from peer-to-peer car sharing shall be exempt from the eight percent (8%) rental vehicle surcharge as set forth in § 31-34.1-2.