On Tuesday, January 19th, the Victoria County Navigation District, which owns and operates the Port of Victoria, will consider approval of a Memorandum of Understanding (MOU) with Victoria County, the City of Victoria, the Victoria Sales Tax Development Corporation, and the Victoria Regional Airport with the goal of stimulating industry and commerce in Victoria County.
The state levies a sales and use tax of 6.25% on sales of tangible personal property and certain services. The City of Victoria and Victoria County add an additional sales tax of 2.0% making the total combined rate of 8.25%. There are exemptions for groceries, medicine, property for resale, manufacturing equipment and many items used exclusively on farms and ranches for food production.