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Board notes council’s temporary exemption for very small businesses; estimated revenue impact about $70,000
Summary
Members discussed the council-approved temporary pause on collecting business-license fees from businesses with under $10,000 in gross receipts and cited an impact-analysis threshold of $75,000; staff recalled an approximate $70,000 estimate.
Members clarified the current status of a temporary exemption: Colette confirmed that city council approved a temporary pause on collecting fees for businesses that make $10,000 or less in annual gross receipts to relieve very small businesses. “So, yes, temp, city council did approve a temporary pause on collecting fees for businesses that make $10,000 or less in annual gross receipts,” Colette said.
Board members recalled that the council requested an impact review tied to a $75,000 threshold; one member noted a staff recollection of approximately $70,000 in estimated revenue loss. The board discussed that the exemption could remain in place until the tax code is updated and that council retains authority to change or extend the pause.
