Charlottesville City Council agreed Monday night to expand eligibility for the city’s expiring business, professional and occupational license tax credit for technology companies from five to seven years. The credit, established in 2001, expires Dec. 31, and Mayor Mike Signer said last month that he thought councilors should increase the value of the incentive. The […]
Tag: Technology Zone incentive
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Councilors to extend technology zone tax credit, look for ways to expand program
Charlottesville City Council on Monday agreed to renew and possibly expand an expiring tax incentive for small-city tech companies. Councilors discussed giving companies within certain geographical areas — which is currently administered as a city-wide “tech zone” — a larger credit than is available in the rest of the city. Mayor Mike Signer said he […]
