title
To amend City Code ?? 26-871, concerning the establishment of annual license taxes, and 26-873, concerning exemptions to license taxes, to increase the threshold for business, professional and occupational license taxes from $100,000.00 to $250,000.00.
body
THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That sections 26-871 and 26-873 of the Code of the City of Richmond (2020) be and hereby are amended as follows:
Sec. 26-871. Established.
Except as may be specifically otherwise provided by this article or other law, the annual license tax imposed under this article shall be $30.00 for any person with gross receipts (or purchases for wholesale merchants) of $5,000.00 or more but less than [$100,000.00] $250,000.00 in a given license year. Any person with gross receipts greater than [$100,000.00] $250,000.00 will be liable for business license taxes at the applicable rate set forth as follows for the class of enterprise listed or as otherwise provided in this article:
(1) For contractors and persons constructing for their own account for sale, $0.19 per $100.00 of gross receipts.
(2) For retailers, $0.20 per $100.00 of gross receipts.
(3) For financial, real estate and professional services, $0.58 per $100.00 of gross receipts.
(4) For repair, personal and business services and all other businesses and occupations not specifically listed or exempted in this article or otherwise by law, $0.36 per $100.00 of gross receipts.
(5) For wholesalers, $0.22 per $100.00 of purchases.
(6) For fortunetellers, clairvoyants and practitioners of palmistry, $0.36 per $100.00 of gross receipts, provided that such tax shall not exceed $1,000.00 per year.
(7) For itinerant merchants, $500.00 per year; or peddlers, $225.00 per year.
(8) For dealers in precious metals, $1,000.00 per year, as provided in Section 26-965.
(9) For savings and loan associations and credit unions, $50.00 per year.
(10) For direct sellers, as defined in Code of...
Click here for full text