BPOL TAX ORIGINALLY ESTABLISHED IN 1815 TO PAY FOR THE WAR OF 1812

TAX IS LEVIED ON GROSS RECEIPTS TAX IS PAID EVEN IF YOU MAKE “0” PROFITS

OR LOSE MONEY RETAILERS PAY THE TAX ON THEIR

INVENTORY INVESTMENTS.

AN OLD TAX THAT NEEDS TO GO AWAY

HENRICO COUNTY EXEMPTS THE FIRST $100,000 IN GROSS RECEIPTS

BUSINESSES UNDER $100,000 PAY A $30 LICENSE FEE.

HENRICO COUNTY

CHESTERFIELD COUNTY EXEMPTS THE FIRST $200,000 OF GROSS RECEIPTS

BUSINESS UNDER $200,000 PAY A $10 LICENSE FEE

CHESTERFIELD COUNTY

CITY OF RICHMOND HAS A $100,000 THRESHOLD, ONCE YOUR GROSS RECEIPTS EXCEED $100,000 YOU PAY ON THE FIRST $1.00 OF GROSS RECEIPTS.

CITY OF RICHMOND

HANOVER COUNTY HAS NO BPOL TAX

BUSINESSES PAY A MERCHANTS CAPITAL TAX, BASED ON INVENTORY

HANOVER COUNTY

BPOL Tax Restaurant example

Chesterfield Henrico Richmond

Sales $2,000,000 $ 2,000,000 $ 2,000,000

Allowed credit $ 200,000 100,000 0

Taxable amount $1,800,000 $ 1,900,000 $ 2,000,000

Tax x .0019 x .0020 x .36$ 3,420 $ 3,800 $ 7,200

BPOL Tax General Retail example

Chesterfield Henrico Richmond

Sales $2,000,000 $ 2,000,000 $ 2,000,000

Allowed credit $ 200,000 100,000 0

Taxable amount $1,800,000 $ 1,900,000 $ 2,000,000

Tax x .0019 x .0020 x .20$ 3,420 $ 3,800 $ 4,000

• City of Richmond business under $100,000 pay $30 license fee • County of Henrico business under $100,000 pay $30 licenese fee• County of Chesterfield business uner $200,000 pay $10 licensee fee

What do you pay IN BPOL TAX?

Chesterfield Henrico Richmond

1. Sales $ $ $

Allowed credit $ 200,000 100,000 0

Taxable amount $ $ $

Tax x .0019 x .0020 x .20$ $ $

• City of Richmond business under $100,000 pay $30 license fee • County of Henrico business under $100,000 pay $30 license fee• County of Chesterfield business under $200,000 pay $10 license fee

HENRICO CHESTERFIELD RICHMOND

RETAIL .20 .19 .20

SERVICES .20 .20 .36

PROFESSIONALSERVICES .20 .20 .58

CONTRACTORS .15 .14 .19

BPOL RATES BY LOCALITY

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