HAMILTON - An anticipated Love’s Country Store and Truck Stop will receive a tax incentive worth $2 million.
The Hamilton City Council unanimously passed a development agreement with Love’s during its meeting on Monday, May 20.
Through the agreement, the city commits to rebate Love’s for taxes collected on diesel sales, which is taxed at 2 cents per gallon.
Love’s will be reimbursed on diesel tax for up to $2 million or for no more than 20 years, which ever comes first.
See complete story in the Journal Record.