 |
Code of Federal Regulations (Last Updated: November 8, 2024) |
 |
Title 15 - Commerce and Foreign Trade |
|
Subtitle B - Regulations Relating to Commerce and Foreign Trade |
|
Chapter IV - Foreign-Trade Zones Board, Department of Commerce |
|
Part 400 - Regulations of the Foreign-Trade Zones Board |
|
Subpart B - Ability To Establish Zone; Limitations and Restrictions on Authority Granted |
§ 400.16 - Exemption from state and local ad valorem taxation of tangible personal property.
Latest version.
-
§ 400.16 Exemption from state and local ad valorem taxation of tangible personal property.
Tangible personal property Foreign merchandise (tangible personal property) imported from outside the United States and held in the activated area of a zone for the purpose of storage, sale, exhibition, repackaging, assembly, distribution, sorting, grading, cleaning, mixing, display, manufacturing, or processing, and tangible personal property produced in the United States and held in the activated area of a zone for exportation, either in its original form or as altered by any of the above processes set out in this section, shall be exempt from state and local ad valorem taxation.
[89 FR 8528, Feb. 8, 2024]