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Mayor Bass waives taxes 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 a temporary tax relief for businesses affected by recent fires in the city. This initiative waives certain taxes for businesses located in the areas impacted by the fires, aiming to alleviate financial burdens and support recovery efforts. The relief includes waiving business taxes, license fees, and other city-related charges for a specified period. This move comes as part of a broader effort to help businesses recover from the economic impact of the fires, which have caused significant property damage and disruption. The city is also providing resources for rebuilding and has set up a fund to assist affected business owners with immediate financial needs.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/mayor-bass-waives-taxes-for-businesses-impacted-by-fires/ar-AA1xOP9H ]