Floyd County Settles with WV-Gov. Owned Company Over Back Taxes
A Kentucky county has worked out a deal to settle delinquent property taxes owed by a company once controlled by West Virginia Gov. Jim Justice.
The Lexington Herald-Leader reports Floyd County is to receive $400,000 under the deal.
County Attorney Keith Bartley said county officials didn’t enter a previous agreement because they were unwilling to waive 100 percent of the penalties and interest owed by Kentucky Fuel.
In the earlier deal, Justice family companies wiped out millions in delinquent property taxes due to the state and four other eastern Kentucky counties — Knott, Pike, Harlan and Magoffin.
Source: MG News
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