Odessa now offers the Freeport Exemption from all five taxing entities on goods in transit. This business incentive is designed to exempt some or all of a company’s inventory from property taxes. Businesses involved in the export of tangible property such as goods, wares, and merchandise may be eligible for the Freeport Exemption. For a business to be eligible, all property must be assembled, stored, manufactured or fabricated locally and then exported out of the state within 175 days.
