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Please refer to the specific provisions in Ordinance No. 10-35, Ordinance No. 15-32 and Ordinance 20-21 (please see links below).
Arts and cultural businesses - annual business license tax reduction maximum of $250 for ten years
Non-arts businesses - host year-round, rotating art exhibits - annual business license tax reduction maximum of $250 for ten years
To qualify for the tax incentives, each business must submit an annual application to the Department of Economic Development and Tourism by February 15 to confirm eligibility upon review by the Commissioner of the Revenue's office. Once approved, the business will be entitled to the business license tax reduction on its business license tax application to the Commissioner of the Revenue. Qualifying businesses new or existing must still submit their annual business license application no later than March 1 and submit payment no later than March 15 to the Commissioner of the Revenue. If these dates are not meet the business will be disqualified from the incentive for the current year.
Should you have any questions, please contact the Department of Economic Development and Tourism by calling (540) 372-1216, Economic Development Specialist, Amy Peregoy (please see contact information below).
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