Equalization board approves three of four Freeport Exemption requests
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April 17, 2024
The Woods County Equalization Board met Tuesday morning to consider four requests for Freeport Exemptions. Oklahoma Freeport Exemptions are available for inventories held for less than nine months. They are calculated using purchases for Oklahoma inventory and sales from Oklahoma inventory.
Chairman Joe Shirley opened the meeting with board members Chris Olson and Bob Seivert present. Also at the meeting were County Assessor Renetta Benson and County Clerk Shelley Reed.
Benson said that Value Added Products had turned in paperwork showing they are eligible for an exemption of $148,660, which a...
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