Bill > S03700

This bill amends existing tax law to allow regulatory agencies oversight of fare adjustments for for-hire vehicles, specifically permitting them to modify authorized fares to account for credit card processing fees. The legislation requires that these processing fees be separately stated on passenger receipts, ensuring transparency in pricing. For medallion vehicles (traditional taxi cabs regulated by city authorities), credit card processing fees must be explicitly itemized on receipts. The bill aims to clarify how additional transaction costs can be passed along to passengers without being interpreted as a direct surcharge on the transportation service provider. By mandating that regulatory agencies adjust fare calculations and meter readings to incorporate these fees, the legislation provides a standardized approach to handling credit card transaction costs in the for-hire vehicle industry. The changes are intended to help transportation service providers recover the costs associated with electronic payment methods while maintaining clarity for passengers about the breakdown of their total fare.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S3700