|
U.S. Code as of:
01/19/04
Section 81o. Residents of zone
(a) Persons allowed to reside in zone
No person shall be allowed to reside within the zone except
Federal, State, or municipal officers or agents whose resident
presence is deemed necessary by the Board.
(b) Rules and regulations for employees entering and leaving zone
The Board shall prescribe rules and regulations regarding
employees and other persons entering and leaving the zone. All
rules and regulations concerning the protection of the revenue
shall be approved by the Secretary of the Treasury.
(c) Exclusion from zone of goods or process of treatment
The Board may at any time order the exclusion from the zone of
any goods or process of treatment that in its judgment is
detrimental to the public interest, health, or safety.
(d) Retail trade within zone
No retail trade shall be conducted within the zone except under
permits issued by the grantee and approved by the Board. Such
permittees shall sell no goods except such domestic or duty-paid or
duty-free goods as are brought into the zone from customs
territory.
(e) 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.
|
|