Getting a Break: Birmingham Reduces City Business License Fees for Lawyers, Doctors, Accountants

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Getting a Break: Birmingham Reduces City Business License Fees for Lawyers, Doctors, Accountants

Licensing-Street-Sign

The Birmingham City Council approved a $6 million city tax break which will lower the cost of business licenses in 2016 for several professions, with the exclusion of restaurants and dealerships. Under the direction of Mayor Larry Langford, business license costs were doubled back in 2007, which resulted in the collection of $243 million.

While the main objective with such a large fund was to build a domed stadium and improve communal transportation, which did not occur, the fund singlehandedly kept the city’s budget above the waterline during the economic recession. In essence, the hope is that the reduction in license costs will make the city more attractive to businesses either for relocation purposes or to remain in the city.

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By | 2017-05-18T22:55:06+00:00 May 12th, 2015|Corporate & Partnership Tax, News & Events|1 Comment

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Bobby M. Bragg

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