NYC Councilman Calls for Business Taxes Suspension Amid Crisis

(Bloomberg) -- New York City Councilman Mark Gjonaj called on the governor and mayor to temporarily suspend payment of state and city business taxes for restaurants and other operations struggling with declining customer traffic amid the virus scare.

“In some cases, businesses are reporting a drop in sales that is as high as 70% - all while trying to meet payroll, pay government taxes and other expenses,” the councilman said in a statement. “This is an untenable situation.”

©2020 Bloomberg L.P.