The Oversight Board also approved a request from the CRIM to advance certain towns a total of about $22 million in property tax disbursements.
To qualify, the SMEs must have generated $1.5 million or less in recent tax years, regardless of the number of employees on their payroll.
The tax relief is part of a coordinated federal response to the damage caused by Hurricane Fiona and is based on local damage assessments by FEMA, the IRS stated.