Page 231 - Grapevine FY22 Adopted Budget v2

The Freeport Tax Exemption in Grapevine

What is the Freeport Tax Exemption? – The freeport tax exemption allows local authorities to
exempt taxes on goods that have been acquired in or imported into Texas to be forwarded out of
the State within 175 days. There is no restriction on the destination of such goods. The goods
must remain in the continuous ownership of the person who exports them from the time of their
acquisition until the time of their export.

What authorities offer the Freeport Tax Exemption? – In most locations in Grapevine, Texas,
your qualifying inventory will receive three layers of freeport tax exemptions from the City of
Grapevine, Tarrant County and Grapevine Colleyville Independent School District (GCISD).
We understand how taxes impact the bottom line of your business, so the Grapevine community
now offers you locations where qualifying inventory is tax exempt. Following, is an example of
what you can save with a triple freeport location in Grapevine, Texas:

Inventory Value (100% Exempt) Annual Tax Savings
$5 Million $116,750
$10 Million $233,500
$15 Million $350,250
$20 Million $467,000
$25 Million $583,750

Baylor Scott & White Medical Center at Grapevine is a 302-
bed, full-service, fully-accredited not-for-profit hospital,
serving residents in more than 20 cities throughout the
Dallas/Fort Worth Metroplex. The hospital offers advanced
medical services for heart and vascular, women and children,
neurosciences, stroke, orthopedics, spine, diagnostic
imaging, neonatal intensive care, intensive and emergency
care.

Founded as a Christian ministry of healing, Baylor Scott &
White Health exists to serve all people through exemplary
healthcare, education, research and community service.
Baylor Scott & White – Grapevine has a rich history of
providing safe, quality, compassionate healthcare to each and
every one of the communities we serve.

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