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    Home » Business License Taxes and State Income Taxes Due May 1

    Business License Taxes and State Income Taxes Due May 1

    BUSINESS LICENSE TAXES DUE MAY 1
    All businesses located in the City of Lynchburg are required to obtain a license by Friday, May 1. The business license fee is based on gross receipts/purchases. The following schedule is utilized to determine the amount of the business license tax:
     
    GROSS RECEIPTS/PURCHASES BUSINESS LICENSE FEE
    $0 - $10,000 No fee
    $10,000 - $50,000 $30
    $50,000 - $100,000 $50
    If gross receipts/purchases are greater than $100,000 the following schedule is utilized: 
    Retail merchant - 20 cents per $100 of gross receipts
    Contractor - 16 cents per $100 of gross receipts
    Business/personal service - 36 cents per $100 of gross receipts
    Professional service - 58 cents per $100 of gross receipts
    Wholesale merchant - $20 plus 28 cents per $100 of gross purchases

    For more information, contact the Commissioner of the Revenue Office at 455-3880.

     

    STATE INCOME TAXES DUE MAY 1
    State income taxes are due by Friday, May 1.  The Commissioner of the Revenue Office, located in City Hall at 900 Church Street, provides free State income tax assistance to the citizens of Lynchburg.  Bring a copy of your completed Federal tax return and supporting documents to the Commissioner of the Revenue Office and someone will complete your State return.  No appointment is necessary.
     
    For more information, contact the Commissioner of the Revenue Office at 455-3870.