Galveston County Economic Alliance Discover Galveston County 8419 Emmett F. Lowry Expressway
Texas City, Texas 77591-2249
(409) 933-9899
(888) 933-9899
Fax: (409) 933-3365

4/23/2017 8:40:08 PM Member Name  
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Freeport Tax Exemption


In 1989, The Texas Constitution was amended to allow local taxing authorities to exempt goods in transit (or "Freeport goods") from ad valorem taxation. Freeport goods are inventories acquired or brought into the state by business and held for no more than 175 days before being shipped out of state. Several jurisdictions in Galveston County have chosen to allow the exemption, which is irrevocable once in effect.

 

 

  

Freeport Tax Exemption




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Who Qualifies for the Exemption?
Any business or industry that assembles, manufactures, processes, stores, maintains, fabricates or distributes their products in Texas and ships them out of state within a 175-day cycle. The Freeport exemption will apply to the percentage of raw materials, goods-in-process and finished products that meet this test. A minimal threshold does not exist, the portion of inventory meeting the requirement qualifies for the exemption.

Economic Development Sales Tax
The Texas Legislature approved legislation that allowed municipalities in the State of Texas the option of enacting up to 1/2% sales tax for the purpose of economic development. The proceeds from the sales tax have been used by municipalities to pay for various infrastructure improvements for relocating or expanding companies. These improvements have included transportation improvements, extension and expansion of water and sewer services and capacity, and a variety of economic development initiatives. The Cities of Kemah, Dickinson, La Marque, Texas City and Hitchcock have adopted the sales tax for economic development.


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Freeport Granting Jurisdiction
 Click here to contact the Galveston County Economic Alliance for further information on cities, independent school districts, municipal utility districts and water control and improvement districts.

 
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