Which item would likely NOT qualify for Freeport exemption?

The Freeport exemption is a tax provision that allows certain items to be exempt from local property taxes during their time in transit or storage. Generally, this exemption is designed to encourage businesses to store or ship goods without the burden of local taxation.

Raw materials and finished goods typically qualify for the Freeport exemption because they can be seen as items in transit or in storage awaiting use or sale. Work in process can also qualify, as these items are still considered in the manufacturing phase and have not yet reached their final form for sale.

Packaging supplies, however, often do not meet the criteria for Freeport exemption because they are typically viewed as part of the finished product and not as separate items in transit. Unlike raw materials or finished goods, packaging supplies are generally used at the final stage of production or distribution. Therefore, they do not enjoy the same status under the Freeport exemption as the other categories.

By recognizing the nature of packaging supplies as part of the operational process rather than items that are merely in transit, it becomes clear why these would likely not qualify for the exemption compared to the other options.