TLC Hardship Vehicle Retirement Extension in New York
The life of a New York City taxicab is a tough one, with strict rules governing when a vehicle must be retired. But what happens when your taxi's retirement date is looming, and you simply can't manage the cost of a replacement? For medallion owners facing financial struggles, the NYC Taxi and Limousine Commission (TLC) offers a potential lifeline: the Hardship Vehicle Retirement Extension. If you're struggling to replace your vehicle, here’s what you need to know about requesting an extension. Who Is Eligible for an Extension? This program is specifically designed to help smaller owner-operators. To qualify, you must: Own no more than one medallion. Be the owner, agent, or driver who owns the current vehicle and would be the one purchasing the replacement vehicle. Be experiencing a genuine "economic or other hardship" that makes it impossible to replace your vehicle on time. What Qualifies as a "Hardship"? The TLC provides clear examples of circumstan...