TUCKER, Ga. (December 14, 2020) – The City of Tucker is offering business owners some tax relief as they grapple with the effects of the coronavirus pandemic. Just before Monday night’s City Council meeting, Mayor Frank Auman signed a declaration of economic relief for local businesses.
“We want to do everything we can to help our local businesses,” Auman said at the start of the meeting. “If your business suffered this year, we’re going to defer the taxes you owe. We’re not forgiving their taxes, we’re just recognizing this may not be the best time to pay.”
Occupational taxes in Tucker come due on April 15. That tax is calculated on a business’ 2019 revenues. Under this “30-30 plan”, if a business owner can show that their revenues dipped by at least 30 percent in 2020, they can defer 30 percent of the tax they owe until their 2022 occupational certificate renewal. An application for relief will be available on the City website.
This measure is just the latest effort to assist businesses during the pandemic. This week the City of Tucker will complete its CARES Act program for small businesses. That program saw around $2.5 million in federal money distributed to more than 200 small businesses and nonprofits.
Read the original post on TuckerGA.gov.