IS THIS FARE?

To All Interested Parties:

Industry Notice #12-25
July 20, 2012

For Immediate Release

New Taxicab Rate of Fare

The New York City Taxi and Limousine Commission (TLC) hereby announces the following industry information specific to the increase in metered rate of fare for all medallion taxicabs, approved July 12, 2012.

I.                        New taxicab rate of fare.

As of 12:01 a.m. on September 4, 2012, medallion taxicabs are authorized to charge the following rates of fare:

Metered trips in New York City

• $2.50 initial charge (first 1/5 mile);
• $0.50 MTA tax;
• $0.50 per each additional 1/5 mile;
• $0.50 per 60 seconds in stopped or slow traffic;
• $1.00 surcharge from 4 p.m. to 8 p.m. on weekdays, excluding holidays;
• $0.50 night surcharge from 8 p.m. to 6 a.m. daily.

Trips to/from JFK International Airport and Manhattan

• $52.00, plus any tolls and/or tip;
• the $0.50 night surcharge shall not be added to this flat rate;
• the $1.00 peak surcharge shall not be added to this flat rate;
• the $0.50 MTA tax SHALL be added to this flat rate.

Trips to Newark Airport

• the amount shown on the taximeter plus a surcharge of $17.50; and
• all necessary tolls to and from the destination.

II.                        Prior to charging the new rate, all vehicle owners must recalibrate taximeters, update door decals, and affix a rate card overlay sticker.

All taximeters must be recalibrated by a TLC-licensed taximeter establishment.  A list of all TLC-licensed public taximeter shops may be found on the TLC's website: www.nyc.gov/taxi .  (Conversion charts in lieu of a recalibrated meter are NOT permitted).

Taxicab owners will be responsible for procuring new exterior taxicab decals.  The size and placement of all new decals is now posted on the TLC's website, as well as a list of authorized printers (http://www.nyc.gov/html/tlc/html/industry/printer_markings.shtml).  For illustration purposes, decals on the Ford Crown Victoria will be placed as shown below:

Owners must also affix an overlay sticker for the rate card. Rate card overlays may be obtained only at TLC-licensed taximeter shops (a list is available at: http://www.nyc.gov/html/tlc/downloads/excel/current_taxicab_metershops.xls).

III.                        Implementation dates.

The new rate of fare is effective as of 12:01 a.m. Tuesday, September 4, 2012 provided that the taxicab meets the requirements outlined above.

At their next scheduled inspection on or after Sunday, September 30, 2012, all taxicabs must:

• have recalibrated their taximeter and passed the mile-run test;
• have received and posted a new rate card; and
• have the new exterior decals as described above properly affixed.

July 24, 2012

To All Interested Parties:

Industry Notice #12-26
July 20, 2012

For Immediate Release

New Lease Caps

The New York City Taxi and Limousine Commission (TLC) hereby announces the following industry information specific to the increase in lease caps for all medallion taxicabs (as published in TLC rules Chapter 58, Section 21). 

The following changes are effective as of 12:01a.m. on September 30, 2012:

I.                        Credit card fees.

Owners may no longer charge drivers 5% of credit card fares for processing fees.  All processing costs are now included in lease caps for fleets and agents.

II.                        Medallion-and-vehicle (fleet) lease caps.

An owner of a taxicab can charge a lease rate to a driver that is not greater than the following:

               III.                        Driver Owned Vehicle (DOV) lease caps.

 An owner of a taxicab can charge a lease rate to a driver that is not greater than the following:

A "Medallion-only" lease includes:

• use of the medallion
• all applicable TLC fees except for TLC vehicle inspection fees

(the lessor is not required to provide vehicle registration or payment of the Commercial Motor Vehicle Tax)

• insurance as required by TLC rules
• credit card fees or charges
• up to 3 drivers on a lease at the request of the drivers

A lessor may not accept payment for the lease or purchase of a vehicle. 

The lessor may agree with the driver to provide services or accommodations on an arms-length basis outside of the lease; all of these transactions must be recorded by the lessor and the records must be available for inspection by the Commission.

An "All-in" lease includes:

• use of the medallion
• all applicable TLC and DMV fees except TLC vehicle inspection fees
• insurance as required by TLC rules
• credit card fees or charges
• all vehicle purchase and/or finance costs, vehicle sales tax, and related costs
• up to 3 drivers on a lease at the request of the drivers

Title for the lease vehicle must pass to one or more of the lessees, if the lessee requests, after 3 years, or after all vehicle financing costs have been paid, whichever is sooner. 

A lessor can offer coverage for collision and physical damage to the vehicle to the lessee not to exceed $50 per week but cannot require that the lessee purchase such coverage.

The lessor may agree with the driver to provide services or accommodations on an arms-length basis outside of the lease; all of these transactions must be recorded by the lessor and the records must be available for inspection by the Commission.

IV.                        Driver's Bill of Rights.

All owners, lessors, and agents must post the updated Driver's Bill of Rights (found on the TLC website: www.nyc.gov/taxi ) as directed in the TLC rules.

V.                        Change meters and update fare.

All owners, lessors, and agents who own taxicabs must update the meter, rate card, and exterior decals as outlined in Industry Notice 12-25 before the new lease caps take effect for their lease rates.

6. Voluntary Optional gasoline surcharge.

An Owner/Lessor or Agent leasing medallions and vehicles (fleet leases) has the option - but is not required - to include a shift's worth of gas as part of the lease, and may charge a gas surcharge of up to $21 per shift in addition to the fleet lease cap amounts set forth above.  (The TLC will adjust this surcharge amount after December 31 to keep pace with prevailing fuel prices.)  This lease surcharge is optional at the choice of the Owner/Lessor or Agent.

Owners/Lessors or Agents can continue to sell gasoline to their lessees (even if the cost is more than $21 per shift), provided that drivers have the option to purchase gasoline elsewhere and that the price is at or below market rate.