PVS prepared the Freeport Exemption application, in association with their business personal property tax rendition and ultimately, the Freeport Exemption was granted. This exemption reduced the personal property taxes for this client by over $42k.
Freeport Exemption Saves Company $42,000
Executive Summary
PVS took over the personal property tax compliance responsibilities for an aircraft parts company with a warehouse in Texas. In reviewing the prior year’s filings for their centers, PVS had identified that this company was not taking
advantage of the Freeport Exemption, which PVS believed they would qualify for.
Challenges
PVS reviewed the financial information for this client, along with their sales and shipping data and analyzed how quickly their inventory moved through their warehouse in Texas. By doing so, PVS found that this client did qualify for the Freeport Exemption.
How PVS Helped
PVS analyzed the data from this client and prepared and filed the Freeport Exemption for this client, so that they
could claim this benefit.
Results
PVS was able to save this client over $42k in personal property taxes by filing the Freeport Exemption.
