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Committee continues wildfire business tax-waiver ordinance after debate over eligibility window
Summary
The Budget and Finance Committee on Thursday discussed a draft ordinance to amend the Los Angeles Municipal Code to waive business gross receipts taxes for firms affected by the January 2025 wildfires, but delayed a final vote to allow more policy framing and verification details.
The Budget and Finance Committee on Thursday discussed a draft ordinance to amend the Los Angeles Municipal Code to waive business gross receipts taxes for firms affected by the January 2025 wildfires, but delayed a final vote to allow more policy framing and verification details.
Councilmember Traci Park opened the public discussion urging committee members to approve the measure so it could return to full council quickly. "There should be no delay when it comes to providing the relief and reassurance that our community needs," Park said, asking for support on item 7 to waive payment for businesses…
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