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Board approves rural industrial tax exemption extension for GK Machine
Summary
The Marion County Board approved a three‑year rural industrial property tax exemption application by GK Machine for new machinery and equipment, estimated at about $5.4 million in taxable value and expected to add roughly 18 jobs.
The Marion County Board of Commissioners approved a resolution Wednesday granting GK Machine a rural industrial property tax exemption for new machinery and equipment at the company’s Donald-area facility.
Sarah Cooley, economic development specialist with Marion County Community Services, said GK Machine’s application proposes roughly $5.4 million in new taxable property value tied to machinery and equipment. The company estimates it will add 18 employees under the terms of the agreement, bringing the site’s total to about 194 full‑time employees.
Connie Lindsey, representing GK Machine, told commissioners the business is expanding to meet demand from agricultural equipment customers and that openings include engineering, CNC machinists and fabricators. County economic development staff and Sedcor representatives noted GK Machine’s role in local supply chains and workforce development.
County staff explained the exemption is a three‑year break on property taxes for qualifying new improvements; staff estimated that, when the exemption period ends, the site will contribute roughly $76,000 per year in property taxes. Commissioners noted the program’s goal of retaining local industry and leveraged the county’s authority to incentivize capital investment in industrial employment land.
The resolution passed by the board authorizes county staff to proceed with the exemption process; as with other applicants, GK Machine must obtain letters of support from affected taxing districts and follow taxpayer‑reporting conditions set by the assessor’s office.
Provenance: county presentation and application materials were introduced by Sarah Cooley and GK Machine’s Connie Lindsey; the board motion and vote are recorded in the meeting minutes.
