As it stands? As it stands is as it stands. You're going to have to be flexible in the application. What's going to happen now is Many, many companies will just pay the fine because it's cheaper than actually following the rules [of Local Law 97]. And that's the last thing you want. That accomplishes nothing. Right. It's just another tax, in essence on these units. So there's going to have to be flexibility. (1:21:12–1:21:24)
CLAIM
Asserts that many companies will opt to pay fines rather than comply with Local Law 97 due to cost.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
