New York City landlords with empty storefronts would face a vacancy tax intended to prod them into leasing the space to small businesses, under a proposal being developed by Mayor Bill de Blasio.
The plan, which would come out as a formal proposal by the end of 2020, is part of a package of initiatives to support small businesses to be unveiled Thursday in the Democratic mayor’s State of the City address. Other items include a city credit fund for low-interest loans, penalty relief for code-violation first offenses, and free lawyers to help low-income business owners negotiate commercial leases.
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