CORRECTED News Release: Leesburg Town Council Provides Tax Relief to Businesses

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Town of Leesburg, Virginia
News Release - CORRECTED

For Immediate Release
Friday, April 17, 2020

Media Contact:
Betsy Arnett, Public Information Officer
barnett@leesburgva.gov
703-771-2734

Leesburg Town Council Provides Tax Relief to Businesses

Council delays payment of certain business taxes.

Leesburg, VA (April 17, 2020) – In the previous version of this news release, published on April 15, 2020, the revised payment due date for business license renewals was incorrect.

At the Town Council meeting on Tuesday, April 14, 2020, the Leesburg Town Council adopted several measures aimed at providing financial relief to the town’s businesses.

The council delayed the due date for payment of 1st quarter transient occupancy taxes and meals and beverage taxes, collected by hotels, restaurants, and grocery stores in January through March 2020, by 30 days and allowed businesses an additional 60 days to pay with no penalty. Businesses must file by the original due date of April 20, but will not be charged penalties or interest on the amount due if they pay by July 20, 2020.  Businesses that file by April 20 and pay by May 20 will receive the 5% on-time payment discount. The council approved the same relief program for taxes collected during April, May, and June, and originally due on July 20, 2020.

In addition, the council pushed the due date for annual business license renewals back from May 1 to July 30, 2020. Businesses must file by May 1, but will not be charged penalties or interest for 90 days.

In March, Loudoun County extended the due date for personal property taxes from May 5 to June 5. Since the county now bills and collects personal property taxes for the town, this extension is already in place for town businesses.

“In reaching out to our existing businesses, we received requests from those who are struggling to stay afloat during these difficult times,” noted Russell Seymour, the Town’s Economic Development Director. “With little money coming in, it was going to be very difficult for some businesses to make these payments on time. The delays give them a little breathing room while awaiting more substantial relief from the federal government through the Small Business Administration loan program.”

Businesses with questions regarding tax relief measures should contact the Town at bl@leesburgva.gov or 703-771-2723.

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