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Greenville reviews NAICS-driven business license changes; staff proposes nonprofit registration and revenue-neutral options
Summary
City staff briefed council on required 2025 NAICS classification changes under South Carolina Act 176 of 2020, potential revenue impacts, and recommended process improvements including annual nonprofit registration and simplification of contractor fee calculations; council asked staff to pursue revenue-neutral scenarios.
Patricia, Greenville City’s chief financial officer, briefed the council on required business-license classification changes tied to the North American Industry Classification System and South Carolina Act 176 of 2020. Patricia told council the new NAICS classifications apply to license years beginning May 2026 and that the changes will reclassify several business groups, affecting how the city calculates license fees.
Patricia said the preliminary analysis identifies about 100 businesses in transportation and warehousing that would move to a higher class and pay higher rates under the new schedule, while roughly 3,500 businesses would move to a lower class. "It equates to about $250,000," Patricia said, describing the approximate net revenue decrease projected if the council accepts the classification changes without rate adjustments.
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