The Freeport Exemption is a business personal property tax exemption on inventory "Goods in Transit," that is in Texas for a short period of time (175 days) and will be transported outside of the State of Texas. In 1989, Texas voters approved a constitutional amendment to exempt these "Freeport Goods" from property taxes. This valuable exemption is part of a larger effort to attract companies that qualify for Freeport Exemptions to the State of Texas by offering them a tax break.

The City of Weslaco offers a "Double Freeport," and qualifying businesses in Weslaco must apply.

To learn more about the Freeport Exemption, contact the EDC office of Weslaco at 956-969-0838 or visit the Texas Comptroller's Office at the link below.

https://comptroller.texas.gov/economy/local/transit-exemptions/

MIKE WILLIS - Senior Business Relations Representative | 956-661-2908 (ofc) | 956-499-7564 (cel) | MikeW@WFSolutions.org