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Several local business owners attended the Feb. 1 Owenton City Council meeting seeking more information on a net-profit tax established under former Owenton Mayor David “Milkweed” Wotier.
Although some business owners attending the meeting said they were not aware of the tax, Owenton Mayor Doug West said it has been in effect for several years.
According to the city ordinance, the tax is a 1-percent levy on net profit from business conducted in the city by a resident or a nonresidential business entity.
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