Page 237 - GrapevineFY24 Adopted Budget

Grapevine has a relaxed, home-town, authentic environment. Residents enjoy modern amenities
without the hustle-and-bustle that dominates larger cities. Known for its Texas charm, Grapevine
is a thriving community rich in history and prime for development. The community hosts major
employers such as Gamestop Headquarters, the Gaylord Texan Resort and Convention Center,
Great Wolf Lodge, Bass Pro Shops Outdoor World, Kubota, Paycom, and thousands of small
businesses.

The Freeport Tax Exemption in Grapevine

What is the Freeport Tax Exemption? – The freeport tax exemption allows local authorities to
exempt property 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:

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