Businesses
Opening a New Business in Chesterfield County - Brochure (PDF)
A guide to License & Tax Requirements
Business Tangible Personal Property
Most persons or corporations owning tangible personal property (other than motor vehicles, trailers, boats, or aircraft) that is used or available for use in a trade or business ( including processing businesses, but not manufacturing *) and located within Chesterfield County as of January 1 must file the Return of Business Tangible Personal Property(“BPP”) by March 1 to avoid a penalty. Business personal property tax, unlike that of vehicles, is NOT pro-rated.
Business License (BPOL)
Most businesses located within Chesterfield County are subject to the Chesterfield County business license tax. This is a tax on the privilege of engaging in a licensable business activity within the County, and it is calculated upon gross receipts (or gross purchases in the case of wholesale merchants.)
Machinery and Tools (Manufacturing)
manufacturing, mining, processing or reprocessing, radio or television broadcasting, dairy, dry cleaning or laundry businesses and located within Chesterfield County as of January 1 must file by March 1 of each year, to avoid a penalty.
Enterprise Zone
Chesterfield County has two enterprise zones and three sub-zones. The two enterprise zones are both located along the Route 1/301 corridor. The three separate sub-zones are located elsewhere: one each along the Eastern areas of Hull Street Rd. and Midlothian Tnpk., and the third in the Meadowbrook area. The state and local governments entered into a twenty-year partnership designed to offer a package of incentives to encourage business expansion and recruitment within the Zones.
Transient Occupancy (Hotels/Motels)
For persons obtaining lodging from any public or private hotel, inn, hostelry, tourist home or house, tourist cabin, camping grounds, motel, rooming house or other lodging place within the county there is imposed a lodging tax in the amount of eight percent of the total amount paid for room rental for lodging; however, this tax shall not apply to rooms rented for lodging for continuous occupancy by the same individual or group for 30 days or more.
Short-term Rental
The Chesterfield County Code §9-181 (Code 1978, §8-60) and §9-184 (Code 1978, §8-63) require a certified short-term rental business to collect from the lessee, at the time of rental, a tax of 1% of the gross rental receipts excluding state and local sales taxes.
Consumer Utilities
A tax is imposed on consumers of electric, and gas utility services. Taxes are collected and remitted by the last day of the month following the month of collection.
Consumption
A tax is imposed on consumers of electricity and natural gas based on consumption. Of this tax a portion is designated as local consumption tax. These taxes are collected and remitted by the last day of each month following the month of collection.
Real Estate
Visit the Department of Real Estate Assessment site.
Public Service Company Property
A tax levy based on that portion of real estate and tangible personal property of public service corporations where the assessed values are determined by the State Corporation Commission. The levy shall be $.95 on every $100.00 of the assessed value.
Bank Franchise
The State Tax Department controls the Bank Franchise Tax. The localities are responsible for checking certain items on the returns filed by the banks headquartered in Chesterfield County. In addition, the localities are responsible for billing the banks for its portion of the total tax for all banks, which have branches in the particular locality and or are headquartered in the locality.
Retail Sales and Use
Effective September 1, 2004, the rate of the Virginia Retail Sales and Use Tax is 5% (4% state and 1% local). The sales and use tax rate for vending machine dealers is 6% (5% state and 1% local) of wholesale purchases for resale. Effective July 1, 2005, the rate for sales and use tax on food for home consumption is 2 ½ % (1 ½ % state and 1% local.)
Frequently
Asked Questions
This is a list of most commonly asked questions by subject
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