![]() ![]() ![]() 159-21 that authorizes a credit of the full amount of rent program fees paid to the Rent Board towards their business tax for owners of four units or less in the City of Richmond. Ordinance 10-22 - An Ordinance that replaces Resolution No.159-21 - Authorizing A credit of the full amount of fees paid to the Rent Board towards their business Tax for owners of four units or less in the City of Richmond 138-21 - Authorizing the business license division of the finance department to offer an amnesty program for the Business License Tax The items listed below are updates regarding Measure U. The cannabis industry (at 5%) and movie theaters (at 0.3% for revenues over $20,000) are currently based on gross receipts. The base rate was $234.10 per year and increases per employee a business has working in Richmond (the first 25 employees are charged at $46.80 per employee, and employees above 25 are charged at a rate of $40.10 per employee). Previously, the business tax in most cases was based on the number of employees. ![]() The tax to businesses is based on a range from 0.075% to 1.395% of gross receipts. The new model would calculate the business tax based on the amount of gross receipts (total amount of money received in connection with any sale) in Richmond by the business and then charge a specific percentage based on the type of business and the amount of revenue generated. City Council placed a measure on the November 3, 2020, ballot that was approved by the voters, which changes the Business Tax calculation methodology to be based on gross receipts in the City of Richmond instead of the number of employees. ![]()
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