Ratio of the number of taxicab licenses.

A Local Law to amend the administrative code of the city of New York, in relation to the definition of ownership and use of a licensed taxicab, and to repeal subdivision i of section 19-504 of the administrative code of the city of New York, relating to the ratio of the number of taxicab licenses.

This bill would change the Taxi and Limousine Commission’s (TLC) authority to revoke taxicab licenses for nonuse from mandatory to permissive. This bill would repeal the provision requiring that the ratio of the total number of taxicab licenses held by owners of more than one taxicab license and the total number of taxicab license held by the owners of one taxicab license remain the same. This bill would repeal the provision requiring a bond to be filed for outstanding tort liabilities for the transfer of a taxicab license.