Mississippi companies seek 'free port exemption'

AP News
Posted: Dec 09, 2009 10:51 AM

The Delta Economic Development Center and some local industries have asked Washington County supervisors for a break on inventory taxes.

The inventory tax is placed on items in storage.

In 2003, the Mississippi Legislature passed a law allowing counties that tax goods shipped out of state to eliminate the so-called free port warehouse tax. The law allows counties to phase the tax out over 10 years to relieve the impact of the loss of revenue.

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DEDC chief executive Ed Johnson says the tax is a burden on companies that store goods for later distribution.

Washington County supervisors took no action on the request.