HomeMy Public PortalAbout2016_06_28_R089 Initiate Town Council to Adopt by Ordinance a Business License Incentive Program The Town of
Leesburg,
Virginia PRESENTED June 28. 2016
RESOLUTION NO. 2016-089 ADOPTED June 28,2016
A RESOLUTION: INITIATE TOWN COUNCIL TO ADOPT BY ORDINANCE A
BUSINESS LICENCSE INCENTIVE PROGRAM TO EXEMPT NEW
BUSINESSES FROM BUSINESS TAXES
WHEREAS, Councilman Gemmill requested Council consideration to.establish a Business
License Incentive Program allowing new businesses to be fully or partially exempt from Business,
Professional & Occupational (BPOL) and Business Tangible Personal Property taxes for up to two
years; and
WHEREAS, the General Assembly in 2011 enacted enabling legislation authorizing
localities to establish by ordinance a business license incentive program that exempts businesses
that locate for the first time in the locality from BPOL and business tangible personal property
taxes for up to two years.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia to initiate
staff to conduct additional analysis and seek the advice of the Economic Development
Commission(EDC) to further explore incentive programs.
PASSED this 28th day of June, 2016.
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David S. Butler, Mayor
t/Sl Town of Leesburg
Clerk of Coundi 111
P:V2esolutions\20I6\0628 Initiating a Business License Incentive Program.docx