X

Montana Peterbilt granted tax breaks

Jason Cannon December 6, 2013

The Yellowstone County Commissioners granted tax relief to Montana Peterbilt this week, citing its investment in a new facility and the additional jobs the company is creating.

According to The Laurel Outlook, the tax break eliminates half the taxes Montana Peterbilt would normally pay on the value of new construction for the first five years post-construction. The tax increases by 10 percent over the next five years until the company is paying 100 percent.

RELATED: Montana Peterbilt christens new facility 

Montana Peterbilt recently completed a new $5,600,000, 54,000 square foot building facility in Lockwood.

With the new building and added capacity, company president Kevin Gustainis says the company is likely to add staff.

Poll

How would you categorize the state of your business 10 months into 2014?

Latest

Trailer Wizards kicks off food drive

October trailer orders shatter records

Truck orders jump 76 percent

Popular

Pete ‘show-truck-ready’ 389 now in production

A preview of Kenworth’s medium-duty cabover options

Department of Commerce releases secondary determination on ‘dumping’ of Chinese trailers

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.