In a bid to help businesses hurt by the COVID-19 crisis, the Chamber of Commerce Hawaii has asked Gov. David Ige to delay or suspend upcoming general excise and other tax and fee collections for businesses impacted by the virus. It鈥檚 one of several measures proposed to help local firms.
The chamber鈥檚 president and chief executive, Sherry Menor-McNamara, said that without such aid, at a minimum, many businesses might not be able not survive through April.
鈥淲e have heard from our members across the state that they are on the brink of completely shutting down. Many fear permanent closure in days or weeks because they won鈥檛 be able to pay their April bills,鈥澛爏he said in a news release. 鈥淲hile local businesses are willing to do their part for the greater good of the community, their debts and obligations remain regardless of operational status.鈥
A recent survey of member companies found the suspension of the GET and other taxes would be the most useful to businesses now, Menor-McNamara said. 鈥淲hile this may not be sufficient to save all businesses,鈥 she said, 鈥渋t will mitigate the significant impact.鈥
Ige鈥檚 office had no immediate comment.
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About the Author
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Stewart Yerton is the senior business writer for 天美视频. You can reach him at syerton@civilbeat.org.