Title
To amend City Code ?? 26-880, concerning beginner businesses, occupations or professions, and 26-891, concerning the time of assessment and payment, penalties and interest, and rates of interest for license taxes, for the purpose of establishing a due date of March 1 of each license tax year instead of January 1 of each license tax year for business license taxes.
Body
THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That sections 26-880 and 26-891 of the Code of the City of Richmond (2020) be and are hereby amended and reordained as follows:
Sec. 26-880. Beginners.
(a) Every person beginning a business, occupation or profession that is subject to a tax equal to an entry fee and a percentage of the gross receipts of the business shall estimate the amount of the gross receipts of the business that such person will receive between the date of beginning business and the end of the then-current license tax year. The license tax on every such person beginning business shall be a sum equal to the entry fee and the percentage of that estimate prescribed by the particular section of this article applicable to such business, occupation or profession.
(b) Every person whose business, occupation or profession is subject to a license fee or a tax equal to a percentage of the gross receipts of the business, occupation or profession and who was licensed for only a part of the next preceding license tax year shall estimate the amount of the gross receipts of the business, occupation or profession that such person will receive during the then-current license tax year, and the license tax on every such taxpayer shall be as provided in Section 26-871.
(c) Every person beginning a business, occupation or profession that is subject to a license fee or a tax equal to a percentage of a basis other than gross receipts of the business shall estimate the amount of the applicable tax base for the period between the date of beginning business and the end of ...
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