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LA Mayor Announces Expanded Tax Relief for Businesses Impacted by Fires

Mayor Karen Bass Friday issued an emergency executive to waive 2025 business taxes for residents and businesses impacted by wildfires. The order directs the Office of Finance to draft an ordinance that would postpone taxes for businesses,
Los Angeles Mayor Karen Bass has announced an expansion of tax relief measures for businesses affected by recent fires in the city. This initiative aims to provide financial support to help businesses recover from the economic impact of the fires. The relief includes waiving certain business taxes, offering deferrals on other tax obligations, and providing grants or low-interest loans to assist with rebuilding efforts. This move comes as part of a broader effort to support local economies and ensure the swift recovery of businesses critical to the community's vitality. The announcement was made to address the immediate needs of business owners facing financial strain due to property damage and loss of income.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/la-mayor-announces-expanded-tax-relief-for-businesses-impacted-by-fires/ar-AA1xOXiH ]