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Where applicable, content Copyright 2007, |
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NAVIGATION |
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Dates to Remember Actual Deadlines are noted in Red
January
1 Annual renewal period begins for Business and ABC License Applications. (License year means the calendar year.) Businesses are required to either estimate gross receipts or verify actual gross receipts with a federal tax return, schedules and/or forms from the prior twelve (12) months.
1 Real Estate Tax Relief for the Elderly and Totally and Permanently Disabled application process begins. However, applicants should wait until the second week of February to apply to make sure they have all the required documents.
1 Filing of Local Tangible Personal Property, Business Tangible Personal Property and Machinery and Tools Tax Return Forms begins
1 Filing of Fourth Quarter Virginia Tax Returns begins
15 Virginia Estimated Income Tax due (Due 4 times a year)
20 Local Daily Rental Tax Returns due and payable (Due quarterly)
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
February
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
March
1 Business License and ABC Business License applications due. Businesses are required to either an estimate of gross receipts or provide actual gross receipts which shall be verified by federal tax returns, schedules and/or forms from the prior year or prior twelve (12) months
1 Business Licenses not based on gross receipts or purchases due and payable. Example: ABC licenses; amusement operators licenses; savings institutions and state chartered credit unions, which have their main office in the City of Martinsville; businesses that pay a flat fee license each year; etc.
Note: Taxes for Business Licenses measured by gross receipts or purchases of business are due and payable May 1
2 Late Filing Penalty applied to business and ABC licenses that were not filed by the deadline
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
April
1 Filing Deadline for Applications for Real Estate Tax Relief for the Elderly and Totally and Permanently Disabled
15 Filing Deadline for Federal Tax Returns
15 City Motor Vehicle Decal must be displayed (obtain from City Treasurer)
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
20- 30 Real Estate second-half bills are printed and mailed. Payment is due by June 5.
May
1 Business Licenses measured by gross receipts or purchases of business taxes due and payable
1 Filing Deadline for Tangible Personal Property, Business Tangible Personal Property and Machinery and Tools Tax Return Forms
1 Filing Deadline for Virginia Tax Returns
1 First Quarter Virginia Estimated Income Tax due and payable (Due 4 times a year)
2 Late Filing Penalty added for Tangible Personal Property, Business Tangible Personal Property and Machinery and Tools Tax Return Forms not received or postmarked by May 1
2 Late Payment Penalty begins for Business Licenses not paid by May 1
2 Interest begins for Business Licenses not paid by May 1
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
June
1 Bank Franchise taxes due and payable
5 Real Estate taxes for 2nd half of fiscal year (January through June) due and payable
15 Second Quarter Virginia Estimated Income Tax due and payable (Due 4 times a year)
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
July
20 Local Daily Rental Tax Returns due and payable (Due quarterly)
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly) August
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
September
1 Virginia Income Tax Return Extension and payments due
1 Final Application for an Extension of Virginia Income Tax due (for payment due November 1)
15 Third Quarter Virginia Estimated Income Tax due and payable (4 times a year)
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
October
20 Local Daily Rental Tax Returns due and payable (Due quarterly)
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
20-30 Annual Tangible Personal Property bills printed and mailed
20-30 Real Estate First half bills printed and mailed
November
1 Final Virginia Income Tax Extension payment due
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
December
5 Annual Tangible Personal Property taxes due and payable (Due for the entire year)
5 Real Estate taxes for first half of fiscal year (July through December) are due and payable
20 Local Meals Tax and Lodging Tax Returns due and payable (Due monthly) |
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