The Mercantile Tax (MT) is a gross volume of business tax levied by the Radnor Township Board of Commissioners upon the privilege of doing certain types of business in Radnor.
The MT applies to the gross volume of business of wholesale and/or retail vendors in goods, wares, and merchandise of every kind, and all persons engaged in conducting restaurants or other places where food, drink, or refreshments are sold. "Gross volume of business" includes all receipts whether cash, credit, or other property.
Businesses subject to the MT are required to pay a tax to Radnor Township each year equal to 3 mills, or $3 for every $1,000 in gross receipts (the 1st $25,000 in gross receipts are exempt). Businesses may exclude the gross receipts of the retail sale of alcoholic beverages.
In addition, each business must pay an annual $10 business license fee.
MT returns are required to be filed with the Township's Finance Department by May 15 each year. Failure to file a MT return or to pay any taxes due can lead to citations, fines, and suspension of the privilege to do business in Radnor Township.
Change for 2013 Mercantile Tax Filers In September 2012, the Board of Commissioners amended the Tax Ordinance to convert from a fiscal cycle to a calendar cycle. To accomplish this for the 2013 tax year, a short year tax return will be due on May 15, 2013 covering the period of July 1, 2012 through December 31, 2012. The short year tax return form is available below. View the notification mailed to the business on October 1, 2012.