At least a half dozen businesses already have filed for protection, according to the clerk's office at U.S. Bankruptcy Court in Orlando.
The tax amounts involved range from $20,000 to $100,000. They are legally due by March 31 to avoid a 3% penalty. The bill would also delay the sale of tax certificates on delinquent properties by 30 days.
Paul M. Guyet, a vice president at Orlando-based Smith Equities Corp. and a longtime hotel consultant, has predicted a fire sale of smaller hotel properties in the east Kissimmee and airport corridors in 2002 if the economy is long-lived.
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