City talks ride-share service regulations

[FILE] In this March 12, 2014 photo, passenger Katie Baranyuk, left, and Dara Jenkins, right, a driver for the ride-sharing service Lyft, perform Lyft's trademark fist-bump. (AP Photo/Ted S. Warren)

March 27, 2014 9:47:11 AM PDT
The City of Chicago's License and Consumer Protection Committee is considering regulations for ride-sharing services in the city.

Thursday's hearing will discuss creating a new category of commercial vehicle transportation that would require companies like Uber to register with the city and pay an annual $25,000 licensing fee and other taxes. The cars would also be required to have signage and be inspected by the city.

Any recommendations would need approval of the full city council.