Nonresidents; personal property shipped into state for
transshipment out; claiming exemptions
Sec. 31.1. A person who:
(1) is required to file a personal property return;
(2) has personal property in a warehouse or a foreign trade zone
on the assessment date of any year; and
(3) wishes to claim the exemption provided under section 29,
29.3, 30, or 30.5 of this chapter;
shall report on the person's personal property return, in the manner
prescribed by the department of local government finance, the true
tax value of the property for which the exemption is claimed.
As added by P.L.11-1987, SEC.12. Amended by P.L.90-2002,
SEC.101.
Last modified: May 28, 2006