(A) In the case of an incentive, upon agreement with the city, through its Mayor, the approved company shall remit to Kenton County on behalf of the city the full amount of the gross receipts tax consistent with all applicable laws and ordinances. Upon satisfaction that the approved company has met all of the terms and requirements of the agreement, the city shall then rebate the incentive to the approved company within 90 days after the remittance of gross receipts tax.
(B) Any approved company receiving an incentive shall make its payroll book, financial statements, all pertinent records relating to capital improvements planned or made, and other applicable financial records available to the city at such reasonable times as the city shall request and shall file with the city documentation respecting any gross receipts as the city may require.
(Ord. 2021-01, passed 5-3-21)