California delays sales tax payments for small businesses

California's governor on Thursday said small businesses can keep up to $50,000 in sales tax receipts for the next year as the COVID-19 outbreak has forced people to stay home and many shops to close. The move means businesses with $5 million in sales or less will get up to a year to give the state up to $50,000 in sales taxes they collect from customers. It's essentially an interest-free loan aimed at keeping small businesses afloat in a state where the governor has ordered everyone to stay home to prevent the spread of a virus that has so far killed 233 people.
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