LTC 308-2020 Changes to FY 2021 Business Tax Receipt Renewal ProcessM IA M I BEACH
O FFIC E O F TH E CI TY M A N A G ER
N O . LTC # 308-2020 LETTER TO COMMISSION
TO : Mayor Dan Gelber and Members
FR O M : Jimmy L. Morales, City Mana
D A TE: September 11, 2020
S U B JEC T: Changes to FY 2021 Business x Receipt Renewal Process
The purpose of this L TC is to advise the City Commission regarding proposed changes to the
City's annual renewal process for Business Tax Receipts (BTR). These changes are
recommended to help our local businesses manage the financial challenges from COVID-19.
BTR's are issued annually in accordance with Florida Statutes Chapter 205, as well as, locally
governed by Article V, Section 102 of the Code of the City of Miami Beach. BTR's typically
generate approximately $5 million a year of revenue to the General Fund.
Chapter 205 states that Business Tax Receipts are due and payable on or before September
30 of each year and expire on September 30 of the succeeding year. Typically, the City mails
and emails its 7,000 businesses their annual renewal notices in the Summer preceding the
September 30 deadline.
The following changes are recommended for the FY 2021 annual BTR renewal process:
• Extending the current FY 2020 BTR expiration dates from September 30, 2020 to
December 31, 2020 (providing businesses an additional three months of economic
recovery).
• Providing an option for businesses to split the FY 2021 BTR renewal from one payment
to two payments and extending the due dates.
o Payment 1 due: December 31, 2020 (half of the renewal fee)
o Payment 2 due: March 31, 2021 (half of the renewal fee)
Should you have any inquiries regarding the proposed changes to the annual BTR renewal
process for FY 2021, please contact John Woodruff, Chief Financial Officer.
JLM/JW