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Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, On Garodnick Commercial Rent Tax Legislation

“Council Member Dan Garodnick has introduced legislation that will, if enacted, remove one barrier to the growth of small businesses in the city. By eliminating the Commercial Rent Tax burden for small businesses paying less than $500,000 in rent each year, this legislation would send a positive signal to employers who are increasingly concerned about the city ‘s tax and regulatory burdens.”