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Council raises BPOL exemption threshold to $500,000 to ease burden on small businesses

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Summary

Richmond City Council adopted an ordinance to raise the professional and occupational license (BPOL) tax exemption threshold from $250,000 to $500,000 in annual revenue, a change sponsors said will help retain and attract small businesses.

Richmond City Council voted to increase the annual revenue threshold for the professional and occupational license (BPOL) tax exemption from $250,000 to $500,000.

Councilmember Lynch, the bill patron, said the change responds to longtime…

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