Triple Freeport Exemption
Triple Freeport Tax Exemption helps reduce costs associated with inventory taxes. The exemption allows products and goods to be moved through the state without incurring inventory taxes, if those products are held for less than 175 days. Businesses with high-value inventories and multi-state distribution systems can benefit significantly from this tax exemption.
To get an idea of the economic impact of Carter Industrial Park’s triple freeport status, try the worksheet below. You may use the figures already provided in the boxes, or enter your own!
Note: Figures in the table below are calculated automatically. They represent an illustration of the potential tax benefits of “triple freeport” status–but should in no sense be considered a formal quote or legal opinion.