Pols, businesses celebrate end of NYC surcharge on liquor licenses
Move could save biz $6.5M over next year
Elected officials and the business community on Wednesday hailed a new law that suspends the city’s liquor license surcharge, thus putting money back into the pockets of small business owners.
The legislation — sponsored by Councilmembers Justin Brannan (D-Southwest Brooklyn) and Keith Powers (Central Park East-Midtown East) — suspends the city’s 25 percent surcharge businesses pay on state liquor licenses for a year and is retroactively effective June 1, 2022.
It is estimated that the legislation will help businesses citywide save $6.5 million over the next year, according to the Mayor’s Office.