New York S03700 allows regulatory agencies to adjust fares for credit card processing fees in for-hire vehicles and mandates these fees be separately.
New York S03700 amends the tax law to permit regulatory agencies to adjust authorized fares to account for credit card processing fees for meters in for-hire vehicles. The bill also requires that credit card processing fees be separately stated on receipts provided to passengers. This change applies to all for-hire vehicles regulated by these agencies, including medallion vehicles. The act takes effect immediately upon enactment.
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