The state of Virginia is considering eliminating the machinery and tools tax with the help of Stihl.
Virginia Beach, Virginia, the home of Stihl, eliminated its machinery and tools tax back in July of 2011, and now the state is considering following the same footsteps.
Stihl was paying approximately $500,000 per year in machinery and tools taxes, according to The Daily Press.
After the city removed the tax, Stihl invested in an 893,000 square-foot facility.
Virginia state lawmakers gave the Virginia Small Business Commission and the Virginia Manufacturing Development Commission the task of restructuring taxes in the state to remove the Business, Professional and Occupational License tax as well as the merchant’s capital and machinery and tools taxes.