Treasurer Pushes for Small Business Tax Break
02.02.2017
Today, City Council gave initial approval for a tax break advocated by City Treasurer, Jason Vandever, and Commissioner of the Revenue, Todd Divers. The tax break would reduce the amount of Business License tax paid by over 450 small businesses in the City who gross less than $100,000. City Council will officially vote on the measure in the upcoming months, and the new tax rate will go into effect in 2018 for those businesses benefiting from the change.