Reporting Requirements.
35 RCNY § 58-25
in effect§ 58-25 Reporting Requirements.
(a) Report Change in Status.
(1) When an Owner has a change of Mailing Address or a change in the office of record, the Owner must personally appear at the Commission to report the changes within 72 hours of such change (not including weekends and holidays).
(2) The Owner must bring the Rate Cards for all of Owner's Taxicabs.
35 RCNY § 58-25(a) Fine: $100 Appearance NOT REQUIRED
(b) Lost, Stolen, or Damaged Taximeter. If a Taximeter is lost, stolen or damaged beyond repair, the Owner must notify the Commission and the Police Department within 48 hours (not including weekends and holidays) of the loss, theft or destruction, and must provide any affidavit or information that the Commission requires.
35 RCNY § 58-25(b) Fine: $100 Appearance NOT REQUIRED
(c) Annual Financial Reporting Requirements.
(1) Any natural person who is a Medallion Owner or affiliated with a Business Entity (including a director, shareholder, officer, member or partner) that possesses any interest in a Medallion must provide annually to the Commission, in a form and manner prescribed by the Commission, a statement together with such supporting documentation as may be prescribed by the Commission, that includes but is not limited to the following:
(i) Each TLC license in which the Medallion Owner or Business Entity Person possesses an interest,
(ii) Gross income and expenses related to the operation of the Medallion
(iii) Total paid liability insurance premiums for the Medallion
(iv) Balances of all loans secured by a Medallion in which the Medallion Owner or Business Entity Person possesses an interest,
(v) Number of Medallions in which the Medallion Owner or Business Entity Person possesses an interest that serve as collateral for a secured loan,
(vi) Number of Medallions in which the Medallion Owner or Business Entity Person possesses an interest that do not serve as collateral for a secured loan, and
(vii) Any other interest such Medallion Owner or Business Entity Person has in any taxicab, livery, or for-hire vehicle business, whether or not such business is licensed by the Commission.
(2) All prescribed statements and supporting documentation must be submitted to the Commission on or before the 15th of June of each year.
35 RCNY § 58-25(c)(2) Fine: $100 and suspension until compliance Appearance NOT REQUIRED
(Amended City Record 10/6/2022, eff. 11/5/2022)
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCrules/0-0-0-67311Fetched: 10/24/2026