12/22/2008 — Master site admin
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As you visit this site you will find pieces of information that you may want to add to a Custom Profile. To do that simply click the "add" link that is associated with that information. Once you are finished gathering data simply click "View Custom Report" and that will take you directly to your report. From there you can email, print or create a PDF of that report.
Goods in Transit Exemption
This exemption applies to items in your inventory of last year (if applicable) that: (1) were acquired in or imported into Texas to be forwarded to another location (2) were temporarily stored at a location in which you do not have a direct or indirect ownership interest for assembling, storing, manufacturing, processing or fabricating by the person who acquired or imported the items and (3) that are transported to another location, inside or outside the state, within 175 days after the items were acquired or imported into the state. The exemption does not apply to oil, natural gas, petroleum products, aircraft, dealer’s motor vehicle inventory, dealer’s vessel and outboard motor inventory, dealer’s heavy equipment inventory or retail manufactured housing inventory. Some Municipal Utility Districts, Drainage Districts and other districts provide this exemption. Contact the EDC for a list of entities that provide this exemption.
Companies must file the completed form between January 1 and no later than April 30 of the year. Attach any additional documents requested. Companies must apply for the exemption in each year that the Company claims entitlement.