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The five borough-wide Chambers call on Mayor de Blasio to reform the Commercial Rent Tax

Aug-3-2017

Today, leaders of the Bronx, Brooklyn, Manhattan, Queens, and Staten Island Chambers of Commerce sent a joint letter to Mayor de Blasio, urging him to reform the Commercial Rent Tax (CRT). The CRT is a 1960s-era relic that has been eliminated everywhere across New York City, except for Manhattan below 96th Street. City Council Members Dan Garodnick and Helen Rosenthal have sponsored a bill (Int. 799A) that would double the minimum threshold at which business owners must pay this tax, which would exempt more than 3,400 small businesses from this burden. This legislation is co-sponsored by 41 members of the 51-member New York City Council, and was previously endorsed by every elected official representing Manhattan below 96th Street in Congress, the State Senate, the State Assembly, and the City Council – as well as the NYC Comptroller and Public Advocate. A copy of the letter is below.

 

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Chambers of Commerce joint letter