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Commissioner of the Revenue - Enterprise Zones Replaced by Technology Zones
 
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Commissioner of the Revenue
The Honorable Joseph A. Horbal

Email Address 
cor@chesterfield.gov 

Mailing address
Commissioner of the Revenue
P.O. Box 124
Chesterfield, VA 23832-0908

Street Address
Commissioner of the Revenue
9901 Lori Road
Building 38, Room 165
Chesterfield, VA 23832
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Phone Numbers
(804) 748-1281
 

Fax Numbers
(804) 768-8649 Administration, Individual Personal Property
(804) 796-3236 Business License, Business Tangible Personal Property, Income Tax, Tax Relief

Hours
Monday - Friday
8:30 a.m. - 5 p.m.

 
Business Services
Commissioner of the Revenue - Enterprise Zones Replaced by Technology Zones

Prior to January 1, 2014, Chesterfield County contained two enterprise zones approved by the state:  the Jefferson Davis Enterprise Zone designated on January 1, 1994; and the Walthall Enterprise Zone designated on January 1, 1996.  The enterprise zones were established for an initial period of ten (10) years and were renewed for two (2) additional five year terms. Due to recent changes in the state law, the Code of Chesterfield County was amended, effective January 1, 2014, enacting the expiration of the Jefferson Davis Enterprise Zone, along with the associated Hull Street Road Enterprise Subzone.  The amendment also enacts the expiration of the Walthall Enterprise Zone, along with the associated Midlothian Turnpike Enterprise Subzone and Meadowdale Meadowbrook Enterprise Subzone, effective January 1, 2016.

The expiration of the enterprise zones, however, did not mean the end of tax benefits found in the program.  While the enterprise zones and subzones are set to expire, they will be replaced as they expire with technology zones which continue with the same benefit options. 

The General Assembly recently adopted Virginia Code §58.1-3850, which allows localities to establish technology zones by ordinance.  The Code of Chesterfield County was amended, effective January 1, 2014, creating the new technology zones. Creating the technology zones ensures that the various benefits provided by county ordinance to businesses located in enterprise zones will be retained in the County Code and will not expire upon expiration of the enterprise zones on January 1, 2014, and January 1, 2016, respectively. 

The following technology zones are created: 

  • Effective January 1, 2014, the Jefferson Davis Technology Zone and the Hull Street Road Technology Zone. The Jefferson Davis Technology Zone shall be defined by the same geographical boundaries as the former Jefferson Davis Enterprise Zone.  Similarly, the area formerly designated as the Hull Street Road Enterprise Subzone shall then define the boundaries of the Hull Street Road Technology Zone.  (The Jefferson Davis Enterprise Zone and associated Hull Street Road Enterprise Subzone shall cease to exist on January 1, 2014.)
  • Effective January 1, 2016, the Walthall Technology Zone, Midlothian Turnpike Technology Zone, and the Meadowdale Meadowbrook Technology Zone. The Walthall Technology Zone shall be defined by the same geographical boundaries as the former Walthall Enterprise Zone.  The areas formerly designated as the Midlothian Turnpike Enterprise Subzone and the Meadowdale Meadowbrook Enterprise Subzone shall define, respectively, the boundaries of the Midlothian Turnpike Technology Zone and the Meadowdale Meadowbrook Technology Zone.  (The Walthall Enterprise Zone and associated Midlothian Turnpike Enterprise Subzone and Meadowdale Meadowbrook Enterprise Subzone shall cease to exist on January 1, 2016.)

Enterprise Zones, Subzones and Technology Zones Program Overview


New and existing businesses  

New businesses in or businesses relocating into the enterprise zone, subzones or technology zones may qualify for:

  • a waiver or reduction of business license tax fees for up to five (5) years, and /or

Either:

  • a rebate on qualifying machinery and tools (“M&T”) taxes paid over five (5) years, or
  • a one-time rebate of business tangible personal property (“BTPP”) tax paid for the first full year of operation, up to a maximum of $100,000, if the business is a qualifying business locating in a subzone (Midlothian Turnpike Enterprise Subzone or Meadowdale Meadowbrook Enterprise Subzone).

An existing business within the enterprise zone, subzones or technology zones may qualify for:

  • a waiver or reduction of business license tax fees for up to five (5) years, and /or
  • a partial rebate on qualifying M&T taxes paid on property resulting from a qualifying expansion or renovation. (Over the life of the zone, businesses may qualify for more than one qualifying expansion or renovation rebate).

Locations of zones 

As of January 1, 2014, Chesterfield County contains one enterprise zone, two subzones and two technology zones.  Later, as of January 1, 2016, Chesterfield County will contain five technology zones.  Official maps delineating the boundaries of the enterprise zones, subzones and technology zones are maintained by the Department of Economic Development.  The Office of the Commissioner of the Revenue administers the tax incentives for business licenses, business tangible personal property and machinery and tools taxes.

Frequently Asked Questions
Who qualifies for a rebate on M&T or BTPP taxes? 

M&T tax rebates: 

A full (100%) rebate of M&T taxes paid is available for a five-year period, for new or relocating businesses who locate in an enterprise zone, subzone or technology zone after January 1, 2006.

A partial rebate of M&T taxes paid is available for an existing business within an enterprise zone, subzone or technology zone that undergoes an expansion or renovation which results in an increase of 15% or $50,000, whichever is greater, in the assessed value of its M&T over that of the previous year.

BTPP tax rebates: 

A business must make a capital investment of at least $3,000,000 to qualify for the BTPP tax rebate.  Only businesses located within a subzone can apply for the business tangible personal property tax rebate (Midlothian Turnpike Enterprise Subzone or Meadowdale Meadowbrook Enterprise Subzone).

 
I think I qualify.  What is the first step? 

Contact the Chesterfield County Department of Economic Development within one year of locating to an enterprise zone, subzone or technology zone.  This program is administered by the Department of Economic Development, and offers incentives to businesses locating and/or expanding or renovating within an enterprise zone, subzone or technology zone. 

 
Then what? 

If the business qualifies for a business license incentive, it will still be required to apply for an annual business license with the Office of the Commissioner of the Revenue, but the license fee will either be waived or partially waived. In the case of a rebate on M&T or BTPP taxes, the business must file and then pay the taxes assessed on this equipment before the Treasurer’s Office will issue the rebate.

 
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