Section 9-231 - Foreign trade zones.
§ 9-231. Foreign trade zones.
(a) "Foreign trade zone" defined.- In this section, "foreign trade zone" means a foreign trade zone or subzone established under federal law.
(b) Qualification for credit.- The governing body of a county or municipal corporation may grant, by law, a property tax credit against the county or municipal property tax imposed on personal property, other than operating personal property of a public utility, if the personal property is located in a foreign trade zone that is within that county or municipal corporation.
[1998, ch. 613.]