Commercial rent tax cut introduced in City Council

With small businesses across the city closed or on the brink of failure, a Manhattan lawmaker introduced a bill Tuesday to give some in his borough a break. The legislation from City Council member Keith Powers would temporarily repeal the commercial rent tax for businesses for the remainder of the Covid-19 state of emergency. The 3.9 percent tax is imposed on base rent for commercial properties south of 96th Street in Manhattan. The bill would

source https://therealdeal.com/2020/07/28/commercial-rent-tax-cut-introduced-in-city-council/