Penalties and Interest

The following penalty and interest amounts are assessed for failing to file and pay the respective taxes by the tax due date (noted in parenthesis next to the type of tax):

• Penalty – greater of 10% or $10.00, but no more than the amount of the tax
• Interest – 10% per annum

Real Estate Tax (June 15)

Personal Property, Machinery and Tools (May 1)

Consumer Utility Tax (15th day of the month following the month in which they were collected from the customer)

Bank Franchise Tax (June 1)

Business, Professional and Occupational License (“BPOL”) Tax (March 1)

The following penalty and interest amounts are assessed for failing to file and remit to the City of Richmond Admissions, Lodging and Meals Taxes by the respective tax due dates (noted in parenthesis next to type of tax):
• Penalty – greater of 10% or $10.00, but no more than the amount of the tax
• Interest – 10% per annum until date of payment
• Criminal Penalty – These taxes are held in escrow for the City of Richmond. Failure to remit them may result in felony prosecution for embezzlement.

Admissions Taxes (20th day of the month following the month in which they were collected from the customer)

Lodging Taxes (20th day of the month following the month in which they were collected from the customer)

Meals Taxes (20th day of the month following the month in which they were collected from the customer)