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ECONOMIC INCENTIVES FOR BUSINESS :: FREEPORT
EXEMPTION
Arlington has Triple Freeport, the
exemption of Freeport property from taxation by all three taxing
jurisdictions - The City of Arlington, Tarrant County and the
Arlington Independent School District.
The exemption covers goods that are
detained in the state for purposes of assembling, storing,
manufacturing, processing, or fabricating by the person who acquired
or imported the property.
To qualify for the exemption, the goods
must be transported out of state no later than 175 days after the
date that the owner acquired or imported the property. The owner
must file an application with the Chief Appraiser by April 30 of
each year the exemption is sought.
The Tarrant County Appraisal District provides a worksheet and
application for Freeport Exemptions.
Visit the Tarrant Appraisal District web site
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