Are payroll protection proceeds or grants, loans or aid due to the COVID-19 pandemic includable as taxable gross receipts for Loudoun County business license tax purposes?

No. According to the Virginia Administrative Code (VAC) 23VAC10-500-90 (2), monies received as “proceeds of a loan transaction are not gross receipts arising from the exercise of a licensable privilege in the ordinary course of business”. In addition, grants or payroll protection program (PPP) funds are not receipts from the exercise of a licensed privilege within a locality.

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1. I am starting a small home-based business. Do I need a business license?
2. Are there any exclusions or deductions from Business Professional Occupational License (BPOL) taxes?
3. What if I don't know what my gross receipts were by the March 1 business license filing and payment deadline?
4. Can I obtain a listing of Loudoun County businesses, including address and telephone number, from the Commissioner of the Revenue?
5. If I rent office space, have a virtual office or a mailbox address, but conduct my business from my home, what is my “definite place of business” for purposes of local business license taxes?
6. Are payroll protection proceeds or grants, loans or aid due to the COVID-19 pandemic includable as taxable gross receipts for Loudoun County business license tax purposes?