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Residents, committee urge council to lower business license tax cap; warn of impact on local businesses
Summary
Public commenters presented committee findings and urged Hopkinsville City Council to reduce the city’s business license (net profit) tax rate, saying the committee’s recommendation would cover bond payments for a new fire station while reducing burdens on local businesses.
Speakers at the public-comment portion of the Oct. 21 Hopkinsville City Council meeting urged elected officials to follow a citizen committee’s recommendation to lower the city’s business license (net profit) tax rate.
Brandon Garnett, who said he was distributing a committee report, told the council that the committee’s work produced multiple options and that the committee recommended lowering the rate to 1.10 percent. Garnett summarized the committee’s projections: lowering to 1.0% would create a shortfall of about…
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