Business Taxes Lowered

The Chesterfield County Board of Supervisors has unanimously voted to lower tax rates for professional, financial and real estate services from 53 cents to 32 cents per $100 of gross receipts in 2005 and from 32 cents to 20 cents in 2006.

The tax rate applies to the 550 or so businesses in the county that provide those services and have annual gross revenues of $200,000 or more. The rate changes will mean a total of about $1 million in annual savings for those businesses.