Parkersburg City Council wants to attract new businesses and more housing
PARKERSBURG, W.Va. (WTAP) - Parkersburg City Council passes an ordinance that they believe will attract new businesses and address a housing shortage.
Council passed the final reading of an ordinance to exempt B&O taxes for construction of new buildings or renovating buildings for the first five years they are open.
A residential property owner will be exempt from B&O taxes up to the first $200,000 for each residential structure for five years. Council approved $171,000 to fund repairs at Southwood Pool so it can open this summer.
Council will continue budget hearings Wednesday at 6 p.m. for over a dozen different groups. The police and fire department are two of the biggest on the list.
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