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File #: Int 1584-2019    Version: * Name: Requiring annual financial disclosure from each person who has any interest in any taxicab license.
Type: Introduction Status: Laid Over in Committee
Committee: Committee on Transportation
On agenda: 6/13/2019
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to requiring annual financial disclosure from each person who has any interest in any taxicab license
Sponsors: Adrienne E. Adams, Ritchie J. Torres, Ydanis A. Rodriguez, Corey D. Johnson
Council Member Sponsors: 4
Summary: This bill would require any person who has any interest in a taxicab license to make annual financial disclosures to the Taxi and Limousine Commission, which would include information about income from and expenses related to each taxicab license, any loans secured by a taxicab license and any other interests the person filing the disclosure has in any taxi, livery, or for-hire vehicle business.
Attachments: 1. Summary of Int. No. 1584, 2. Int. No. 1584, 3. June 13, 2019 - Stated Meeting Agenda with Links to Files, 4. Committee Report 6/24/19, 5. Hearing Testimony 6/24/19, 6. Hearing Transcript 6/24/19, 7. Hearing Transcript - Stated Meeting 6-13-19, 8. Minutes of the Recessed Meeting of May 29, 2019 Held on June 13, 2019, 9. Minutes of the Stated Meeting - June 13, 2019
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/24/2019*Adrienne E. Adams Committee on Oversight and Investigations Laid Over by Committee  Action details Meeting details Not available
6/24/2019*Adrienne E. Adams Committee on Oversight and Investigations Hearing Held by Committee  Action details Meeting details Not available
6/24/2019*Adrienne E. Adams Committee on Transportation Laid Over by Committee  Action details Meeting details Not available
6/24/2019*Adrienne E. Adams Committee on Transportation Hearing Held by Committee  Action details Meeting details Not available
6/13/2019*Adrienne E. Adams City Council Referred to Comm by Council  Action details Meeting details Not available
6/13/2019*Adrienne E. Adams City Council Introduced by Council  Action details Meeting details Not available

Int. No. 1584

 

By Council Members Adams, Torres, Rodriguez and the Speaker (Council Member Johnson)

 

A Local Law to amend the administrative code of the city of New York, in relation to requiring annual financial disclosure from each person who has any interest in any taxicab license

 

Be it enacted by the Council as follows:

 

Section 1. Chapter 5 of title 19 of the administrative code of the city of New York is amended by adding a new section 19-556 to read as follows:

§ 19-556 Annual financial disclosure. a. Each individual taxicab license owner, member of a partnership owning one or more taxicab licenses, or shareholder, director or officer of any corporation owning one or more taxicab license, shall annually complete and file with the commission a financial disclosure statement, executed under oath, on a form provided by the commission. Such financial disclosure statement shall include:

1. Each taxicab license in which the filer has an interest;

2. Whether such interest is as an owner, shareholder, director, or officer;

3. Any other licenses issued by the commission that are held by the filer;

4. The filer’s gross income from taxicab operations in the prior calendar year;

5. The filer’s gross expenses related to taxicab operations in the prior calendar year;

6. The total amount of taxicab liability insurance premiums paid by the filer in the prior calendar year;

7. The outstanding balances of all loans secured by taxicab licenses in which the filer has an interest as of the end of the prior calendar year;

8. The number of taxicab licenses in which the filer has an interest that are collateral for a secured loan;

9. The number of taxicab licenses in which the filer has an interest that are not collateral for a secured loan;

10. Any other interests the filer has in any taxi, livery, or for-hire vehicle business, whether or not licensed by the commission; and

11. Any other information requested by the commission.

b. Such financial disclosure statements shall include all attachments and documentation required by the commission.

§ 2. This local law takes effect 90 days after it becomes law, except that the taxi and limousine commission shall take all necessary action, including the promulgation of rules, prior to such effective date.

 

 

 

 

NAB

LS #11038

6/11/19