Council to give break on BPOL
By MICKEY POWELL - Bulletin Staff Writer
Two measures that Martinsville City Council plans to implement are aimed at saving small businesses money as well as attracting more such businesses to the city.
In April, the council voted unanimously to implement a measure that will keep businesses with gross receipts of $100,000 or less in a year from paying Business, Professional and Occupational License (BPOL) taxes.
Such firms account for 66 percent of businesses in the city. A little more than half of those firms are businesses with less than $10,000 in receipts, according to Martinsville Commissioner of the Revenue Ruth Easley.