Kierra and Mason have set up business in a recently upgraded part of town. This area requires repairs and improvements to some roads and businesses following a devastating storm. What type of special tax would they MOST likely need to pay due to this situation
Kierra and Mason would most likely need to pay a special tax known as a "storm recovery tax" or a "disaster relief tax" due to the repairs and improvements required in the area following the devastating storm. This tax is typically imposed on businesses and individuals to generate funds specifically for rebuilding and recovery efforts after a natural disaster. The collected tax revenue is used to finance the necessary repairs, infrastructure improvements, and restoration projects in the affected area.
