2026-10403NoticeWallet

Texas Company Seeks Tax Break for Marine Parts

Published Date: 5/26/2026

Notice

Summary

Twin Disc, Inc. in Lufkin, Texas wants to make new marine and heavy-duty power transmission parts inside Foreign-Trade Zone 297. This means they could save on import taxes for these products, helping their business run smoother and cheaper. People have until July 6, 2026, to share their thoughts before the government gives the final thumbs-up.

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

FTZ Production OK for Twin Disc

Twin Disc, Inc. asked to make marine and heavy-duty power transmission products (transmissions, transmission systems, and torque converters) inside Foreign-Trade Zone 297 (Subzone 297A) in Lufkin, Texas. Producing under FTZ rules could let the company save on import duties for those products, with applicable duty rates ranging from duty-free to 2.5%. Public comments on the proposal are accepted through July 6, 2026.

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Key Dates

Published Date
5/26/2026

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
Foreign-Trade Zones Board
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