Manufacturers - Machinery and Tool Taxes
Manufacturers are not subject to the Business License Tax
Your business may be required to register with the Internal Revenue Service, www.irs.gov, and the Department of Taxation, www.tax.state.va.us, for the collection of payroll and sales taxes. If your business is as a contractor, beautician, realtor, or other occupation requiring a state regulatory license, please see the Department of Professional & Occupational Regulation, www.state.va.us/dpor/index.html.
Machinery and Tools - $4.00/$100 value
Machinery and Tools is equipment used by a manufacturer directly in the production of goods. Returns are due no later than May 1 for equipment in use as of January 1 of a tax year. Machinery and Tools are valued at 25 percent of original capitalized cost.
Additional Fees associated with Business:
- Business License
- Manufacturing Machinery and Tool tax
- Food and Beverage tax
- Transient Occupancy tax
- Business Taxes (Commonweath of Virginia) - sales tax, corporate tax, litter tax, tobacco tax.
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