NYC Council Introduction 64

intro.nyc/0064-2024 2024-2025 Legislative Session
Temporary exemption from the payment of the commercial rent tax for certain businesses.
Status: Committee Committee on Finance
Sponsored by Keith Powers
Introduced: February 8, 2024

This bill would exempt all tenants who used their taxable premises primarily as a retail store providing goods or services, or as a food service establishment providing food or beverages for individual portion service directly to consumers, including restaurants, nightclubs and bars, from the Commercial Rent Tax for the tax period from June 1, 2022 to May 31, 2025.