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I am writing today in my capacity as President of Tax Executives Institute (TEI) to support the repeal of Virginia's Business, Professional, and Occupational License (BPOL) Tax.
TEI members must contend daily with business tax laws, including the BPOL tax, from both tax planning (including site location) and tax compliance perspectives.
Fiscal Impacts of Various Job Allocation Scenarios Impact by Type of Job Taker % of local revenue Immigrants Real property taX revenues 48 Increase Personal property taX revenues 9 Increase Sales/meal/lodging taX revenues 10 Increase BPOL taX revenues 4 Increase County costs -- Increase Current out-commuters Real property taX revenues No change Personal property taX revenues No change Sales/meal/lodging taX revenues Moderate increase BPOL taX revenues Moderate increase County costs No change Current unemployed In-commuters Real property taX revenues No change No change Personal property taX revenues No change No change Sales/meal/lodging taX revenues Moderate increase Minimal increase BPOL taX revenues Moderate increase Minimal increase County costs Decrease No change
(167.) See VIRGINIA DEP'T OF TAXATION, REQUEST FOR AN ADVISORY OPINION--BUSINESS, PROFESSIONAL, AND OCCUPATIONAL LICENSE (BPOL) TAX 2-3 (Mar.
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