Lynchburg Businesses Must Obtain License by May 1: Understanding the Fee Structure and Tax Obligations

Businesses in Lynchburg must obtain a license by May 1, and the fee is determined based on gross receipts or purchases. Retail merchants pay 19 cents per $100 of gross receipts, while contractors pay 15 cents. Business/personal services pay 34 cents, professional services pay 55 cents, and wholesale merchants pay $20 plus 26 cents per $100 of gross purchases. State income taxes are also due by May 1, and residents of Lynchburg can receive free assistance at the Commissioner of the Revenue Office. To ensure smooth operation, businesses should comply with the deadlines and requirements. For more information or inquiries, contact the Commissioner of the Revenue Office at 434.455.3870.