lynchburg logo - important announcementsState taxes aren’t the only taxes due on May 1… local business and professional license fees will also need to be paid by next week. All businesses, including retail merchants, contractors and service providers, located in the City of Lynchburg are required to obtain a license by Thursday, May 1. The business license fee is based on gross receipts/purchases. CLICK HERE to view the schedule utilized to determine the amount of the business license tax you will owe.