Save money at the Port of Victoria!
The Port of Victoria offers several tax advantages to businesses and is eager to help identify which local, state and federal perks offer local tenants and companies the most benefits. Per the Tax Foundation’s 2025 State Business Tax Climate Index, Texas has risen to No. 7 in the country.
Additional tax benefits for Port of Victoria businesses include:
- No Corporate Income Tax or Individual State Income Tax.
- State and Local Tax Collections Per Capita ($5,469) that is 23% lower than the U.S. average ($7,109).
- Located within a Foreign Trade Zone.
What is a Foreign Trade Zone?
A Foreign Trade Zone (FTZ) is a designated site licensed by the FTZ Board, at which special customs procedures may be used. The Port of Victoria falls within FTZ No. 155, Calhoun-Victoria.
As such, it is designated by the federal government for duty-free entry of any non-prohibited goods, allowing for domestic activity involving foreign items to take place prior to formal customs entry.
Duty-free treatment is accorded items that are re-exported and duty payment is deferred on items sold in the U.S. market, thus offsetting customs advantages available to overseas producers who compete with producers located in the United States.
Benefits include the ability to store and display merchandise used for manufacturing within this zone and re-exported without duties.
FTZ No. 155 Calhoun/Victoria Counties
Grantee: Calhoun-Victoria Foreign-Trade Zone, Inc.
P.O. Drawer 397, Point Comfort, TX 77978
Relevant County and State Tax Programs
Port of Victoria staff strives to direct businesses towards many programs that are designed to foster area growth, facilitate employee training and aid in workforce development. Some relevant initiatives include:
Texas Franchise Tax
This privilege tax is imposed on each taxable entity formed or organized in Texas or doing business in Texas.
Texas Enterprise Zone
The Port of Victoria is located within an Enterprise Zone, a state sales and use tax refund program designed to encourage private investment and job creation in economically distressed areas of the state.
Industrial Revenue Bonds
IRB provides a source of tax-exempt or taxable bond finance for projects involving significant private activity that promotes new and existing businesses, encourages employment and expands the tax base of a community.
Property Tax Abatement
This program exempts all or part of the increase in the value of a property from taxation for a period not to exceed 10 years. Tax abatements allow cities, counties and special districts to attract new industries and to encourage the retention and development of existing businesses.
Texas Economic Development Act
The Act encourages Texas investment projects in reinvestment or enterprise zones. Projects must be in manufacturing, R & D, clean coal, clean energy, power generation or a computer center used primarily in connection to other categories.
Tax Exemptions
Texas businesses can take advantage of numerous State Sales & UseTax Exemptions on property like machinery, equipment, replacement parts and accessories, detailed at the Texas Comptroller website. Texas corporations engaged solely in the business of manufacturing, selling, or installing solar energy devices can pursue a Franchise Tax Exemption.
