Why does our NYC government still continue to arbitrarily tax our small businesses so unnecessarily?
Since the 1990’s, our small businesses paying $250,000 or more in annual rent have been trying to survive under the added burden of an additional 3.9% Commercial Rent Tax (CRT). Specifically, the burden calls for all small businesses below 96th Street in NYC to pay this ridiculous tax.
Ever wonder why your neighborhood locksmith, that has been in business for decades, suddenly closes? Or the dry cleaners? How about that adorable kids’ clothing store? Saddled with the 3.9% Commercial Rent Tax burden, they can no longer keep the lights on, which is leading to hundreds of jobs lost in NYC every year. It also leads to more homeless and drug dealing on our streets, right in front of the shuttered stores that once graced our neighborhoods.
It’s time to stop this archaic practice of taxing the businesses our city needs most – the ones who put our residents to work and support the quality of life we all want.
It’s time to stop all of the big box pharmacies and banks from taking over our neighborhoods. It’s time to Stop Mayor Deblasio from allowing this practice to continue even one more day.
When elected, Rebecca Harary will introduce legislation that will STOP Commercial Rent Tax for small businesses altogether. By investing in our small businesses, we are investing in our neighborhoods, our residents, and our future. Let’s get this right.