City Offering Business License Consolidation for Single-family Rental Housing by - City News Group, Inc.
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City Offering Business License Consolidation for Single-family Rental Housing

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October 3, 2013 at 08:58am. Views: 48

In the past, the City of Moreno Valley’s Business License program required the owners of multiple single-family residences held as rental properties to apply for a separate business license for each property or address. After discussions with members of the Moreno Valley Chamber of Commerce, the process has been reconsidered and the City has modified that practice. The City is announcing the consolidation of business licenses for single-family rental properties, undertaken as part of continuing efforts to demonstrate Moreno Valley’s commitment to supporting the business community. Going forward, property owners of single-family rental properties will only be required to maintain a single business license for their entire portfolio of rental properties. They will continue to be responsible for the Business License Gross Receipt Tax applicable to the total of portfolio activity. This change in approach became effective for new applications in July 2013 and will apply to all applicants during the 2014 renewal process, which begins in December 2013. For additional information regarding the consolidated business license for single-family rental housing, please access the City’s website at www.moval.org or contact the City’s Business License office at 951-413-3080.

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