Credit Card Processing Surcharge Rule
Proposed Rules: Closed to Comments
Statement of Basis and Purpose of Rule
In accordance with TLC Rule 58-21(c)(5)(xi)D, the TLC proposes an amended rule to increase the credit card surcharge chargeable to lessors of taxicab medallions by an equivalent of $1 per shift. This change is being made because credit card usage has continued to increase and the formula for recalculating the surcharge contained in TLC Rule 58-21(c)(5)(xi)D indicates that an increase in the surcharge of $1 per shift is warranted.
The Commission’s authority for this rule change is found in section 2303 of the New York City Charter and section 19-503 of the New York City Administrative Code.