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Latest News

IW supervisors debate changes to business license fees
The Tidewater News; Isle of Wight, VA
May 22, 2017

By Stephen Faleski

Isle of Wight’s Board of Supervisors is considering changing the county’s business license fee structure to require a $5 payment for businesses with gross receipts of less than $4,000 and extending the county’s $50 flat fee to cover the first $50,000 of any business earning over $50,000 annually. The discussion took place during a work session on Thursday evening.

Smithfield District Supervisor Dick Grice was the one who suggested the change. Currently, the county does not require businesses with gross receipts under $4,000 to obtain a business license and specifies a $50 flat fee for businesses earning $4,000 or more, but less than $50,000. Businesses earning over $50,000 currently pay a fee determined by a rate per...  Read More