Create new wholesale business tax category with lower rates

Wholesale Business TaxGovernance

In Plain English

Richmond currently classifies wholesale businesses under retail tax rates, which are higher than appropriate. The new wholesale category reduces tax rates for these businesses. If approved, the city loses about $10,000 in annual business tax revenue but creates fairer rates for wholesale operations.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Moved by: Melvin WillisSeconded by: Claudia Jimenez
Passed

7 to 0

Soheila BanaAye
Gayle McLaughlinAye
Doria RobinsonAye
Melvin WillisAye
Cesar ZepedaAye
Claudia JimenezAye
Eduardo MartinezAye