freeport exemption
n.— «Another pro-business question is SQ 734. It exempts property taxes on goods that are shipped into the state, but which do not remain in the state for more than 90 days. It is often called a freeport exemption and is used by manufacturers who buy parts elsewhere and assemble them here for shipment out of state.» —“Voters face four state questions” Norman Transcript (Oklahoma) Oct. 17, 2006. (source: Double-Tongued Dictionary)
Further reading
Do you refer to your dog or cat as “somebody”? As in: When you love somebody that much, you don’t mind if they slobber. In other words, is your pet a somebody or a something? Also, for centuries, there was little consistency in the...
A librarian opens a book and finds a mysterious invitation scribbled on the back of a business card. Another discovers a child’s letter to the Tooth Fairy, tucked into a book decades ago. What stories are left untold by these forgotten...