None
      • Keep the existing due date, but waive penalties until a certain date. 

– If a city or town pushes out a due date too far past July 1, 2020, then at the time of the new due date, the 2021 business license tax bill regular due date will be only months away. The businesses may not understand why they need to pay twice in one year.
– Waiving penalties can have the same effect as delaying the due date.
– Keep in mind the accounting requirements that exist if payments are received in a different fiscal year than owed.

  • Set up a plan for incremental payments, which allows businesses to spread out the business license tax they owe to the city. Be sure to have a drop-dead date that full payment must be made, such as September 30 or December 30. The plan could be

– monthly for a certain amount of months or date,
– bimonthly for a certain amount of months or date, or
– quarterly for a certain amount of months or date.

  • Provide a discount to the business if they pay their business license tax by a certain date. An example would be a 20% reduction in the amount owed if paid in full by June 30.
  • Provide a declining discount to the business based on how quickly their payments are submitted to the city. This could be a 20% reduction in the amount paid by June 30, and then a 10% reduction in the amount paid in by September 30.
  • Waive any credit card fees businesses that pay the tax with a credit card.