NYC To Collect Tax On Times Square Billboard Ads

VIA: Media Post News

New York City is dusting off an old tax law and applying it to billboard advertisers in Times Square for the first time in decades, in a move that will raise at least $18 million for the city. The city government said it will begin collecting a 6% commercial rent tax on 22 companies that advertise on outdoor signs, mostly concentrated in New York’s iconic Times Square, reported the New York Post. More [HERE]