[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5396 Introduced in House (IH)]







106th CONGRESS
  2d Session
                                H. R. 5396

 To amend section 81 of the Tariff Act of 1930 to amend the definition 
       of a foreign trade zone operator, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            October 5, 2000

 Mr. Diaz-Balart introduced the following bill; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend section 81 of the Tariff Act of 1930 to amend the definition 
       of a foreign trade zone operator, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEFINITION OF A FOREIGN TRADE ZONE OPERATOR.

    (a) In General.--Section 81a of the Tariff Act of 1930 is amended 
by striking the ``.'' in the last line after the word ``chapter'' in 
(1) and inserting thereafter:
    ``(j) The term operator means any private corporation which has 
contracted with a grantee for the exclusive authority to establish, 
operate, and maintain a general purpose foreign trade zone located E of 
longitude 81 W and S of latitude 26 N.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of the enactment of this Act, and shall apply to any 
taxable event on or after such date.

SEC. 2. ASSESSMENT OF REAL PROPERTY TAXES.

    (a) In General.--Section 81n is amended by adding after the period 
in the last line the following: ``An operator defined in subsection (j) 
shall not be subject to any real property tax authorized by the state 
in which the zone is located.''.
    (b) Effective Date.--The amendment made by this section shall take 
effect on the date of the enactment of this Act, and shall apply to any 
taxable event on or after such date.
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