WOODBRIDGE, Va. -- Officials in Prince William County this month essentially lowered taxes on businesses by raising their collection threshold.
The countyâs Business or Professional Licensing tax (BPOL) was lowered after the Prince William Board of Supervisors voted unanimously to increase the BPOL collection threshold to $250,000. This move ensures, starting in March 2013, that BPOL will be collected only when a business achieves that figure in gross sales.
The tax rate varies between 13 and 26 cents for every $100 of gross receipts collected, and the rate is dependent upon the type of business.
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