Create new business tax category for wholesale companies with lower rates

Wholesale Business TaxGovernance

In Plain English

Richmond currently taxes wholesale businesses under other categories that charge higher rates. The new wholesale category reduces their tax burden by about $10,000 total across all wholesale businesses. If approved, 18 wholesale companies in Richmond pay lower business taxes based on their annual revenue.

Auto-generated summary. Source: official agenda documents.

Votes

To introduce said ordinance for first reading and lay over for two weeks for the second reading

Moved by: Councilmember McLaughlinSeconded by: Vice Mayor Jimenez
Passed

5 to 0

Gayle McLaughlinAye
Doria RobinsonAye
Cesar ZepedaAye
Claudia JimenezAye
Eduardo MartinezAye
Soheila BanaAbsent
Melvin WillisAbsent

Public Comments

1 public comment — 1 spoken

  • Rauly ButlerEmail