Town of Haymarket
The following were among actions taken at the Aug. 6 meeting of the Haymarket Town Council. For more information call 754-4816.
BUSINESS TAX -- The Town Council scheduled a work session Monday to discuss whether to implement a new business tax either on Oct. 1, as originally planned, or on Jan. 1, which would coordinate the tax schedule with the calendar year to make accounting easier for the town and its businesses.
The decision will affect any new businesses that may be established in Haymarket between October and January. Current Haymarket businesses, or those established before October, will not start paying the tax until next April, when their annual business licenses expire.
The new tax -- 10 cents per $100 of gross receipts for retail business and 5 cents per $100 on 5 percent of a wholesale business's gross receipts -- will replace the annual $25 business license, the only fee currently levied on businesses by the town.
The council approved the new tax as part of the town's $170,530 budget for fiscal 1991, which went into effect July 2. The council had agreed to implement the new tax on Oct. 1, but at the July 16 meeting, Vice Mayor John Capp proposed a delay in levying the tax to bring it in line with the regular calendar year.
At the Aug. 6 meeting, a private consultant who is helping the town implement the tax presented proposals for levying the tax in either October or January. The council will review those proposals at the work session, which is scheduled for 7 p.m. at Town Hall, 15025 Washington St.