|
All persons operating a
business or doing business within the boundaries of
Powhatan County must obtain a Powhatan County Business
License. There is a $3,000.00 gross receipts
minimum before required to purchase a license. All
Contractors residing in Powhatan County must have a
Powhatan County Business License. Contractors that are licensed by another locality are
required to obtain a license once their gross receipts
exceed $25,000.00 for work done in Powhatan. There
is a $4,000.00 gross receipts minimum for all persons
who are direct sellers (Avon, Tupperware, etc.) An
application and zoning approval are required before a
license can be issued. All businesses operating
under an assumed or trade name must be registered with
the Clerk of Circuit Court before a license can be
issued. The cost currently is $10.00 All
corporations conducting business in Virginia must be
registered with the State Corporation Commission before
a license can be issued. Powhatan County currently
has a business license cost of $50.00 |

|
| All
business licenses are renewable by March 1, each
year. After March 1st, a penalty of $10.00 is
added to the cost. All prior year business personal property
taxes must be paid before a renewal license can be
issued. More information can be obtained by
contacting the Commissioner of the Revenue's office at
598-5616.
Business Personal Property
Powhatan County levies a tax on
tangible personal property used in a trade or business (such as
furniture, fixtures, shelving, computers, machinery and tools)
located in the county on January 1st of each year. You
must file a Business Personal Property Form (blue form) with the
Commissioner of the Revenue's office by May 1st of each
year. Failure to furnish complete information may require
an assessment to be made from best available source. Most
businesses will use Schedule 1 if they have Heavy Equipment,
reference books, manuals, textbooks, office equipment and
furniture, shelving, racks, window air condition units, signs,
generators, power tools, shop tools, air compressors, ladders,
appliances, vaults and safes etc. Businesses must itemize their personal property
and/or equipment, stating the date of purchase for each item and
the original purchase price. These forms are mailed with
the license renewals the last week in December of each
year. If you do not receive your forms, please contact the
Commissioner of the Revenue's office to request that they be
mailed to you. The deadline to pay business personal
property taxes is December 5th. After that date, penalty
and interest will apply to the outstanding balance.
|