Eliminating BPOL tax could cost taxpayers millions - WSLS 10 NBC in Roanoke/Lynchburg Va

Eliminating BPOL tax could cost taxpayers millions

Posted: Updated:
ROANOKE -

Helping businesses, it's a message the gubernatorial candidates are fighting to own ahead of November's election.

"I want to bring that business approach, that business experience," Democrat Terry McAuliffe said during the most recent debate.

"(I want to) put money in the hands of our businesses so they can re-invest it," Republican Ken Cuccinelli said at the same forum.

It's one of the few things they agree on, and it could cost local governments millions.

At the top Cuccinelli's and McAuliffe's tax plans is the elimination or reduction of the Business Professional Occupation Licensing tax, better known as BPOL.

Libertarian candidate Robert Sarvis also wants to get rid of BPOL.

While Virginia business owners would save...

"It would have a crippling effect," said Roanoke County Supervisor Butch Church.

Local communities rely on the tax to help pay for services.

If eliminated, Roanoke County would lose $6 million per year.

The impact for Roanoke City would be even greater, at more than $12 million per year.

"You try to be fiscally responsible prior to things like this happening, but I don't know if anyone can prepare for $6 million," Church said. "It's just too much."

Roanoke Delegate Onzlee Ware said this isn't the first time cutting the BPOL tax has been brought up in Richmond.

He suggests doing an impact study before any decisions are made.

"We don't want to overreach to help business and at the same time harm our localities," Ware said. "It needs to be a measured, thoughtful, reasonable approach."

According to the McAuliffe campaign, they will give local governments the option of eliminating BPOL and replacing it with an equal revenue generator.

If BPOL is eliminated without any balance, taxes could be on the rise since most local governments can't afford to eat millions of dollars.

Any change to the tax would need approval from the General Assembly.

 

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • April Mugshots

    April Mugshots

    Tuesday, April 22 2014 2:42 PM EDT2014-04-22 18:42:32 GMT
    Thomas Allen WinstonThomas Allen Winston
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
    The following are mugshots and charges of individuals arrested between April 1-4 by the Sullivan County Sheriff's Office.
  • 12-year-old accidentally kills little brother in Franklin Co.

    12-year-old accidentally kills little brother in Franklin Co.

    Tuesday, April 22 2014 6:24 PM EDT2014-04-22 22:24:35 GMT
    The Franklin County Sheriff's Office says a 12-year-old year boy accidentally killed his 7-year-old brother. Deputies received a 911 call about shots fired on Tuesday, April 21 stat 11:46 a.m.
    The Franklin County Sheriff's Office says a 12-year-old year boy accidentally killed his 7-year-old brother. Deputies received a 911 call about shots fired on Tuesday at 11:46 a.m.
  • 29 Virginia High Schools on Personal Finance Top-100 List

    29 Virginia High Schools on Personal Finance Top-100 List

    Tuesday, April 22 2014 9:32 PM EDT2014-04-23 01:32:06 GMT
    29 schools in the Commonwealth, including many in our area, ranked the the nation's top 100 best high schools for personal finance instruction.
    29 schools in the Commonwealth, including many in our area, ranked the the nation's top 100 best high schools for personal finance instruction.
Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.