PRINCE WILLIAM COUNTY, Va. — The Prince William Chamber of Commerce expressed strong praise for the Prince William Board of County Supervisors following a unanimous board vote to increase the BPOL (Business/Professional/Occupational/License) tax income threshold from $200,000 to $250,000. The new threshold will provide BPOL tax relief to companies with revenues of less than $250,000. The Board also directed County staff to engage the Prince William Chamber of Commerce, which represents more than 2,000 area businesses, in dialogue about initiating significant business tax reforms.
“Both of these decisions represent progress for the prosperity of our community. A balanced approach towards business taxation and regulation is essential to nurturing our robust rate of jobs creation and economic growth,” said Nancy Hiteshue, Prince William Chamber Director of Public Policy.
The Chamber has long advocated for BPOL reform at both the local and state levels. Hiteshue said that the group ultimately seeks elimination of the tax, which was originally instituted to help fund the war of 1812. At issue is the fact that is based on a company’s gross revenues rather than profits. Therefore, a business operating at a loss could still be liable for BPOL tax.
