Amends the Tariff Act of 1930 to allow duty-free sales enterprises to sell and deliver from the customs territory duty-free merchandise. Sets forth specified requirements with respect to the locality and operation of such enterprises.
Provides that if the approval of a State or local authority (incident to its jurisdiction over an airport, seaport, or other exit point facility) is required before such duty-free merchandise is delivered for exportation, then such merchandise may not be withdrawn from a bonded warehouse and transferred to such facility unless the operator of a duty-free sales enterprise demonstrates to the Secretary of the Treasury that the required approval has been obtained.
Provides that this Act does not prohibit a duty-free sales enterprise from offering for sale and delivering to individuals departing from the customs territory merchandise other than duty-free merchandise. Declares that merchandise purchased in a duty-free sales enterprise is not exempt from duty under the Tariff Schedules of the United States if such merchandise is brought back to the customs territory. Requires the establishment of a separate class of bonded warehouses for duty-free sales enterprises.
Introduced in Senate
Read twice and referred to the Committee on Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line