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This year's legislative session may be over, but NFIB/Virginia is already gearing up for 2013. Here's a look at some of the issues we'll be facing in the year ahead:
Business, professional, occupational license (BPOL) taxes and machinery and tools taxes are some of the most onerous taxes small businesses pay. House BIll 10, which was carried over in the Senate, took another step in reducing the undue hardship of BPOL taxes. It prohibited a locality from increasing its BPOL taxes above their 2011 rates and it provided that a locality who currently does not impose a BPOL may elect to institute the BPOL tax but it must be based on Virginia taxable income rather than gross receipts.
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