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.
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.