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Commissioners grant Par Montana an 80% five-year Class 8 property tax abatement
Summary
Yellowstone County approved Resolution 25-51 granting Par Montana LLC an 80% five-year Class 8 property tax abatement on roughly $10.9 million in manufacturing equipment, following a short public hearing and presentation by company representatives.
The Yellowstone County Board of County Commissioners voted to approve Resolution 25-51, granting Par Montana LLC an 80% Class 8 property tax abatement on newly purchased manufacturing equipment. County staff said the application covers approximately $10.9 million in equipment at the local Par Montana facility.
During a short public hearing, Dallas Scholes, Director of Government and Public Affairs for Par Montana, described the company's local history and the nature of the equipment included in the application, saying the listed items are dedicated to processing crude oil and producing transportation fuels and do not include future maintenance projects. Kim Jacob, senior vice president of Rocky Mountain Refining, joined by video and offered technical support if commissioners had follow-up questions.
County staff explained the abatement is authorized under Montana Code Annotated (MCA) for Class 8 property and that abatement percentages may be set at 80%, 90% or 100% for newly purchased equipment.
The board opened the hearing, received no public comment and approved the resolution by voice vote.
Ending: The county clerk will record Resolution 25-51 and staff will notify Par Montana of the abatement terms.
