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Ravalli County approves partial tax abatement for Corixa (GlaxoSmithKline), excludes solar farm and three key-card items
Summary
On April 10 the Ravalli County Board of County Commissioners approved a manufacturing (Class 8) property tax abatement for Corixa Corporation (doing business as GlaxoSmithKline) at 80% but removed the company's solar farm and three key-card access items from the exemption after questioning whether they qualify as manufacturing machinery.
The Ravalli County Board of County Commissioners on April 10 voted to approve a Class 8 manufacturing tax abatement for Corixa Corporation, doing business as GlaxoSmithKline, but narrowed the exempted property by excluding the company’s solar farm and three key-card access items and adopting the abatement at an 80% level.
The action followed a public hearing that included explanations from company representatives about why the listed items are necessary to their manufacturing operation and a line-by-line review by county commissioners of which assets meet the statutory definition of manufacturing machinery, fixtures and equipment.
The county’s planning and tax staff noted that Corixa’s application originally listed multiple asset groups; the company’s representatives said the full asset list totaled $3,438,948 for the Class 8 request (the solar farm was listed separately and is being pursued under a different solar exemption). Commissioners questioned whether security items…
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