By Terry Barrett, CPA, Tax Senior Manager
By Terry Barrett, Tax Senior Manager | State and Local Tax Team
Local Tax Relief for Virginia Businesses and Individuals Impacted by Coronavirus
Yesterday, the Henrico County Board of Supervisors adopted an emergency ordinance providing temporary relief from interest and penalties relating to several county taxes as follows:
Meals and lodging taxes
Starting now through August, penalties and interest will be waived on meals and lodging tax payments. While the tax payments will continue to be due on the 20th of each month, any late filing penalties and interest will be forgiven through August 20, 2020.
Machinery & tools, Commercial & Residential Real Estate, and Personal Property taxes for businesses and residents
The due date for payment of these taxes is June 5, 2020, however, Henrico County will waive penalties and interest on payments made by August 5, 2020.
Source: HENRICO APPROVES TEMPORARY FREEZE ON PENALTIES, INTEREST FOR MAJOR TAXES
About the Author
Terry Barrett, CPA, Tax Senior Manager
Terry Barrett specializes in state and local tax concerns for her clients. She has over 30 years of experience working in the public and private accounting sector. She is a graduate of Virginia Commonwealth University.
More Insights from Terry BarrettThe information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.
