Important Tax Deadlines

January

1st - Annual renewal period begins for Business and ABC License Applications (License year means the calendar year) - Businesses are required to either estimate gross receipts or verify actual gross receipts with a federal tax return, schedules, and/or forms from the prior 12 months
1st - Real Estate Tax Relief for the Elderly and Totally and Permanently Disabled application process begins - However, applicants should wait until the second week of February to apply to make sure they have all the required documents
1st - Filing of Local Tangible Personal Property, Business Tangible Personal Property, and Machinery and Tools Tax Return Forms begins
1st - Filing of Fourth Quarter Virginia Tax Returns begins
5th - Virginia Estimated Income Tax due (Due 4 times a year)
20th - Local Daily Rental Tax Returns due and payable (Due quarterly)
20th - Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)

1st - Business License and ABC Business License applications due - Businesses are required to either provide an estimate of gross receipts or provide actual gross receipts which shall be verified by federal tax returns, schedules and/or forms from the prior year or prior 12 months
1st - Business Licenses not based on gross receipts or purchases due and payable
- Example: ABC licenses; amusement operators licenses; savings institutions and state-chartered credit unions, which have their main office in the City of Martinsville; businesses that pay a flat fee license each year; etc.
Note: Taxes for Business Licenses measured by gross receipts or purchases of business are due and payable May 1
2nd - Late Filing Penalty applied to business and ABC licenses that were not filed by the deadline
20th - Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)

1st - Filing Deadline for Applications for Real Estate Tax Relief for the Elderly and Totally and Permanently Disabled
15th - Filing Deadline for Federal Tax Returns
20th - Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)
20th to 30th - Real Estate second-half bills are printed and mailed - Payment is due by June 5

1st - Business Licenses measured by gross receipts or purchases of business taxes due and payable
1st - Filing Deadline for Tangible Personal Property, Business Tangible Personal Property and Machinery and Tools Tax Return Forms
1st - Filing Deadline for Virginia Tax Returns
1st - First Quarter Virginia Estimated Income Tax due and payable (Due 4 times a year)
2nd - Late Filing Penalty added for Tangible Personal Property, Business Tangible Personal Property, and Machinery and Tools Tax Return Forms not received or postmarked by May 1
2nd - Late Payment Penalty begins for Business Licenses not paid by May 1
2nd - Interest begins for Business Licenses not paid by May 1
20th - Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)

1st - Bank Franchise taxes due and payable
5th - Real Estate taxes for 2nd half of the fiscal year (January through June) due and payable
15th - Second Quarter Virginia Estimated Income Tax due and payable (Due 4 times a year)
20th - Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)

1st - Virginia Income Tax Return Extension and payments due
1st - Final Application for an Extension of Virginia Income Tax due (for payment due November 1)
15th - Third Quarter Virginia Estimated Income Tax due and payable (4 times a year)
20th - Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)

5th - Annual Tangible Personal Property taxes due and payable (Due for the entire year
5th - Real Estate taxes for the first half of the fiscal year (July through December) are due and payable
20th - Local Meals Tax and Lodging Tax Returns due and payable (Due monthly)