Q Can work in progress and raw materials be considered as part of free port warehouse tax exemptions?

A Under Section 27-31-52, the exemption applies to personal property either moving through the state or manufactured in the state pending transit to a final destination outside of the state or personal property stored that will transfer to not more than one other location within the state for production or processing that is then transported to a final destination outside of the state. Raw materials or work-in-progress would not qualify under Section 27-31-53. As the exemption is discretionary, the board must review the factual situation as it relates to the goods in question and determine if these goods meet the requirements set forth in the statute, and then decide whether to grant the exemption. (Attorney Generalís Opinion to Anderson, October 5, 2018)