Recognizing the “widespread financial impacts” of COVID on its 7,000 businesses, the City of Miami Beach is extending the due date for renewal of Business Tax Receipts (BTRs) through the end of the year. BTRs, the license to do business in the City, are usually due before September 30 each year but, this year, businesses will get three additional months to pay with the new due date of December 31.
The City is also giving businesses the option of splitting their BTR payments into two with the first payment due December 31 and the second on March 31, 2021 to help businesses get further into the recovery.
“It has been a real tough year for our business community, and this action aims to alleviate a financial burden for nearly 7,000 businesses,” noted City Manager Jimmy L. Morales in an announcement of the extension.
In a letter to City Commissioners, Morales noted, "BTR's typically generate approximately $5 million a year of revenue to the General Fund."
Photo: Shutterstock.com
Miami Beach Extends Business License Renewal Date Due to COVID Hardships:
Three additional months plus option to split payments
Expect further “cost saving measures”
Among the properties that could be named, the Convention Center