Tax decision on dry-stack has been released from DOR

The Department of Revenue issued their decision on dry-stack storage this week. If you have dry-stack storage, you should know that this space is no longer tax exempt (as you'll find with wet moorage). DOR ruled that dry-stack is not a rental of real estate. Instead, they will be taxing these structures similar to warehouses at the .484%. Public ports that have dry-stack will no longer have to pay the leasehold tax.

You can email me (peter at nmta.net) for more info.