The City of Martinsville's business license calendar year begins January 1 and ends December 31 of each year. All Business License Applications shall be filed on or before March 1 of each year with the Office of the Commissioner of the Revenue, P.O. Box 1222, Martinsville, VA 24114-1222.
All gross receipts, or purchases, or amounts submitted on the Business License Application will be considered an estimated amount unless verified by a federal IRS Schedule C (if an individual), or IRS Form 1065 (if a partnership), or IRS Form 1120 (if a corporation) or other records that will coincide with Federal IRS Schedules and Forms mentioned.
If the federal IRS Schedules or Forms are not available by March 1, please send such verification by April 15 (if calendar year filer) or within three (3) months and fifteen (15) days from the close of your taxable year (if a fiscal year filer). If you file a consolidated federal tax return, please have your CPA, tax accountant or tax director, etc., send the Commissioner's office a notarized letter stating gross receipts, or purchases, or amounts, whichever is applicable, on all business conducted at the Martinsville business location.
Download Business License Application
All applicants for business licenses are counseled regarding business license requirements prior to the license being issued by the Commissioner of the Revenue. Business entities are classified by industry type and assessed at a tax rate set by the City Council. (See rates below.)
Specific information is required of new business license applicants and existing licensees that wish to change the status of a business license. (See the checklist below.)
Certain Information Required to Apply for a Business License:
Business license tax payable to: Treasurer -- City of Martinsville. Please mail license application and check(s) to Commissioner of the Revenue, P.O. Box 1222, Martinsville, VA 24114-1222.
| Business Category | Tax Rate | |
| Contractors | .0010 of gross receipts | |
| Retail Sales | .0020 of gross receipts | |
| Financial, Real Estate & Professional Services | .0058 of gross receipts | |
| Repair, Personal, & Business Services | .0036 of gross receipts | |
| Wholesale Sales | .0005 of gross receipts | |
| Carnivals, Circuses, etc. | $150 per day | |
| Fortune Tellers, Clairvoyants, etc. | $1,000 per year | |
| Utilities | .0050 of gross receipts | |
| Itinerant Merchants | $50 annually per site | |
| Peddlers | $50 annually | |
| Direct Sellers | On gross receipts over $4000: | |
| .0020 of retail gross receipts or | ||
| .0005 of wholesale gross receipts |