Medallion Owner, Corporation

The applicant must be at least 19 years old

The applicant must contact the TLC Legal Department at the address listed below in the Contact Information section for a full application package. The application package is not available on-line.

List of Permit Fees.

• The Medallion Transfer Unit will explain all of the City and TLC taxes and fees that must be paid to own a medallion. Please see Contact Information below.
• If you are using a money order to pay the fee it must be made payable to: NYC TLC.
• All licenses are non-transferable and all fees are non-refundable.

List of accepted payment methods.

• Money Order
• Visa
• MasterCard
• American Express
• Discover

All other license types issued by the Taxi and Limousine Commission (TLC) require other individual operating licenses. For additional information about TLC licensing and requirements, visit the NYC Business Express Index, or visit one of the TLC Licensing Centers in person.

License renewal payments can be made online via the LARS (License Applications, Renewals and Summonses) System.

The applicant must comply with all prerequisites and process steps listed below. They can then visit one of the TLC facilities listed under Contact Information.

The applicant must be prepared to pay a Transfer Tax of 5%, and choose to buy either a medallion or a share in a medallion. Buying a medallion is a very complicated process, and it may be best for the applicant to use a TLC licensed broker. Please see the Find a TLC licensed Broker link above.

The applicant must find out where and how to buy a medallion. To do so, the applicant can speak to a TLC licensed broker. Brokers have a list of clients who are looking to sell a medallion or are selling shares in a medallion partnership. If the applicant is using a broker, the broker must be licensed by TLC, and the licensed broker will explain the purchasing process and provide the necessary forms. Please see the Find a TLC licensed Broker link above.

If the applicant chooses not to use a broker, the applicant will need to contact the Medallion Transfer Unit. Please note: The process is different for each sale based on whether applicant is buying as a, Partnership, LLC, Inc., Corp. or foreign business.

Once the applicant has closed on the sale of a medallion, he or she will need to submit all necessary documentation to the Medallion Transfer Unit, located at 40 Rector, 5th Floor, New York, NY 10006.

Fees must be submitted along with the application form as identified below.

To submit an application, please contact the Medallion Transfer Unit for an appointment, during its business hours 9:00 AM to 5:00 PM Monday through Friday.