The city authorizes a credit of its employee payroll tax pursuant to the Program (KRS 154.32-010 - 154.32-100) for and throughout a ten-year period, beginning and ending as stipulated in the Wage Assessment Agreement executed between Kentucky Economic Development Finance Authority and the Company, equal to 0.2% on the wages of the Company's new Kentucky-resident jobs created as part of this economic development project, and so long as the company remains in compliance with the Program.
(Ord. O-15-12, passed 8-14-12)