Bill targeting local business taxes defeated

February 2, 2016


HB 217 (LeMunyon) provides that a locality may not increase the rate or assessment ratio of the Machinery and Tools Tax or Business Tangible Personal Property Tax on machinery and tools used in a business, the Merchants’ Capital Tax, or the Business, Professional and Occupational License (“BPOL”) tax or fee higher than the rate and assessment ratio that was applicable on January 1, 2016. The bill also provides that any locality that elects to impose the BPOL tax on Virginia taxable income may not thereafter impose the tax on gross receipts.

VACo opposed the bill in House Finance and the bill was laid on the table in subcommittee.

VACo Contact: Dean A. Lynch, CAE

- Related Blog Posts -

VACo opposes comprehensive stormwater bills

January 21, 2016

View Blog Post

School Bus Advertising Bill Stopped

February 15, 2018

View Blog Post

School Bus Camera Legislation Passes out of Subcommittee

February 4, 2016

View Blog Post