§ 7-49.5-101. Short Title

This article shall be known and may be cited as the “Colorado Foreign-trade Zones Act”. Source: L. 80: Entire article added, p. 447, § 1, effective March 26.

§ 7-49.5-102. Legislative Declaration

The general assembly hereby finds and declares that it is in the best interests of the state of Colorado to maintain this state’s economic and commercial viability in the world of national and international commerce by providing incentives to encourage growth in existing industries and to attract new industry. To that end, foreign-trade zones are […]

§ 7-49.5-103. Definitions

As used in this article, unless the context otherwise requires: “Act” means the congressional act commonly known as the “Foreign-trade Zones Act of 1934”, 19 U.S.C. sec. 81. “Corporation” means a public corporation or a private corporation. “Foreign merchandise” means merchandise of any class that would be subject to United States customs law if and […]

§ 7-49.5-104. Foreign-Trade Zone – Authority to Establish, Operate, and Maintain

Any corporation may apply for a grant of the privilege to establish, operate, and maintain a foreign-trade zone. If such grant of privilege is made, such corporation may accept the grant and do all things necessary and proper in furtherance of the establishment, operation, and maintenance of the foreign-trade zone. Any action taken under this […]

§ 7-49.5-105. Foreign-Trade Zone – Site

Any corporation making an application for a grant of the privilege to establish, operate, and maintain a foreign-trade zone may select and describe the site of such foreign-trade zone in accordance with the act and rules and regulations promulgated thereunder. Source: L. 80: Entire article added, p. 448, § 1, effective March 26.

§ 7-49.5-106. Taxation of Merchandise

Freeport merchandise and stocks of merchandise as defined in section 39-1-102 (15), C.R.S., brought as foreign merchandise into a foreign-trade zone, established pursuant to a grant of privilege under this article, are exempt from taxation by the state of Colorado or any political subdivision thereof to the extent that such taxation is inhibited by provisions […]

§ 7-49.5-107. Severability

If any provision of this article or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of the article which can be given effect without the invalid provision or application, and to this end the provisions of this article are declared to be severable. […]