Exemption from state and local <em>ad valorem</em> taxation of tangible personal property.

1. Law
2. CFR 15
3. Commerce and Foreign Trade
4. Regulations Relating to Commerce and Foreign Trade
5. Foreign-Trade Zones Board, Department of Commerce
6. Regulations of the Foreign-Trade Zones Board
7. Ability To Establish Zone; Limitations and Restrictions on Authority Granted
8. Exemption from state and local <em>ad valorem</em> taxation of tangible personal property.

§ 400.16 Exemption from state and local ad valorem taxation of tangible personal property.

Tangible personal property imported from outside the United States and held in 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 a zone for exportation, either in its original form or as altered by any of the above processes, shall be exempt from state and local ad valorem taxation.

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