NY Bill Seeks Pause On Small-Biz Property Tax Fees Amid Virus

New York would prohibit fee assessments on small businesses' and small landlords' unpaid property tax liabilities during the novel coronavirus pandemic under a bill introduced in the state Senate.

S.B. 4514, introduced Friday by Sen. Diane Savino, D-Staten Island, would halt property tax fees on businesses in the state with 20 or fewer employees and a gross income of $3 million or less. It also includes landlords for nonresidential, nonprofit or commercial properties that operate 10 or fewer units.

If enacted, the bill would take immediate effect.

--Editing by Neil Cohen.

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