All businesses located in the City of Lynchburg are required to obtain a license. 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 |
$30.00 |
|
$50,000-$100,000 |
$50.00 |
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
Last updated date: 5/17/2010 9:35:32 AM