Texas County board to review Seaboard Energy property-tax exemptions
Four Seaboard Energy tax exemptions were on the Texas County board’s June 23 agenda, with Wendy Johnson filing the notice. The decision touched the county’s tax base for schools, roads and other local services.
Four five-year property-tax exemptions tied to Seaboard Energy, LLC were on the Texas County Board of Equalization’s June 23 agenda. The board was asked to approve or disapprove the exemptions.
The agenda listed four Seaboard Energy entries by exemption number: XM-2-63236, XM-3-63235, XM-5-63238 and XM-4-62116. The meeting was scheduled for 10:30 a.m. in the Commissioner’s Conference Room on the second floor of the Texas County Courthouse. Wendy Johnson, who serves as Texas County Clerk and secretary to the Equalization Board, signed and filed the notice on June 22.
The Seaboard items were not the first time those exemption numbers had appeared in county paperwork. A Texas County agenda on April 24 listed the same four numbers under the name Seaboard Farms, LLC-BIO, and a March 16 Texas County Board of Excise agenda separately listed Seaboard Farms, LLC-Plant and Seaboard Farms, LLC-Live.
Under Oklahoma law, the five-year ad valorem tax exemption applies to real and personal property necessary for manufacturing, and qualifying facilities can receive it for up to five consecutive years if payroll and other requirements are met. The state reimburses local governments for the full amount of the exemption. The manufacturing exemption traces to State Question No. 588, approved by voters on April 10, 1985, and it is administered under 68 O.S. § 2902.
Seaboard Energy is part of Seaboard Corporation, a Fortune 500 company with more than 12,000 employees worldwide, and it owns and operates three production facilities. The company produces renewable diesel, biodiesel, renewable naphtha and other by-products, plus solar power, with locations in Hugoton, Kansas; Guymon, Oklahoma; St. Joseph, Missouri; Madera, California; and Merriam, Kansas. Its renewable diesel is designed as a drop-in replacement for petroleum diesel, and its facilities include about 20 megawatts of solar generation.
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