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§ 2304. Rates. a. The amount to be charged and collected for the hire
of a taxicab for one or more passengers within the city of New York
shall be the total of the following items:
1. For the first one-fifth mile or fraction thereof, or the first one
minute of waiting time or fraction thereof, or the combination thereof,
sixty cents.
2. For each additional one-fifth mile or fraction thereof, or
seventy-two seconds of waiting time or fraction thereof, or the
combination thereof, ten cents.
3. Fifty cents for each trunk.
4. All bridge and tunnel and ferry tolls.
5. There shall be no charge for personal luggage or for other
belongings of the passengers transported in the interior of the taxicab.
b. Hereafter, and notwithstanding the rates set forth in paragraph a
of this section, the commission shall prescribe, revise and otherwise
regulate reasonable rates of fare which may be charged and collected for
each type of service rendered.
c. In determining the rates of fare, the commission may consider all
facts which in its judgment have a bearing on a proper determination,
with due regard among other things to the time and distance of travel,
to the character of the service provided, to the gross revenues derived
from operation, to the net return derived from operation, to the
expenses of operation including the income of drivers or operators, to
the return upon capital actually expended and the necessity of making
reservations out of income for surplus and contingencies, to the number
of passengers transported, to the effect of fares upon the public and in
relation to the fares for other forms of public transportation, and to
the fares and practices with respect to similar services in other cities
of the United States.
d. No determination by the commission changing the rates of fare shall
be made except after a public hearing before the commission, at which
evidence shall be taken.
e. At any public hearing involving a change in the rates of fare, the
burden of proof to show that existing rates are not reasonable shall be
upon such segment of the business or industry affected by this chapter
as is involved in the change in rates.
f. The costs reasonably attributable to a public hearing involving a
change in the rates of fare, including the expenses of the commission
and the compensation of its officers, agents and employees, shall be
charged to and paid by such segment of the business or industry affected
by this chapter as is involved in the change in rates.