Restaurant owners to get rebate for collecting meals tax
RICHMOND, Va. (AP) — City officials in Richmond have agreed to rebate the costs incurred by restaurant owners for collecting the city’s meals tax.
On Monday, the City Council supported a $700,000 budget amendment to cover the costs acquired by restaurants to collect the city’s 7.5 percent meals tax. The council approved a 1.5 percent increase to the tax in February as part of Mayor Levar Stoney’s proposal to help fund school construction.
The Richmond Times-Dispatch reports that the rebate will allow restaurateurs to write off 3 percent of the total meals tax they collect on each bill. That’s equivalent to the average fee a restaurant incurs when a customer pays with a credit card.
A small group of restaurateurs asked for the rebate during a public hearing last week.
Information from: Richmond Times-Dispatch, http://www.richmond.com