FOR IMMEDIATE RELEASE
December 27, 2011
MAYOR BLOOMBERG SIGNS LEGISLATION REGARDING THE COLLECTION OF THE COMMERCIAL MOTOR VEHICLE TAX
Remarks by Mayor Michael R. Bloomberg at a Public Hearing on Local Laws
"The second bill before me today is Introductory Number 643-A, sponsored at the request of the Administration by Council Members Recchia, Koo and Greenfield. Introductory number 643-A will enable the Taxi & Limousine Commission to collect the commercial motor vehicle tax (CMVT) on all medallion taxicabs and on other vehicles licensed by the TLC that are not registered in New York State.
"Currently the CMVT is collected for vehicles licensed by the TLC by either the Finance Department in the case of medallion taxicabs or the New York State Department of Motor Vehicles for all other types of vehicles. A significant number of the TLC's licensees have addresses outside the City and State and many of them have not been paying the tax. Introductory Number 643-A transfers the authority to collect the tax from medallion taxicabs from the Finance Department to the TLC. In addition, this bill will authorize the TLC to collect the tax from other licensed vehicles for which the tax is not currently collected from the State Department of Motor Vehicles. Predicating the issuance or renewal of license on payment of the tax will increase collections and streamline operations.
"I would like to thank TLC Chair David Yassky and Finance Commissioner David Frankel and their staff for their work on this bill, particularly TLC Deputy Commissioner for Licensing Gary Weiss and Department of Finance Senior Tax Counsel John Mulligan, along with my Office of City Legislative Affairs. I would also like to thank the City Council for approving this legislation."
Stu Loeser/Evelyn Erskine (212) 788-2958
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