A FTZ is a designated location within the state that is treated as if it is outside U.S. boarders for customs purposes. The zone can be used for storage, distribution, and production activities. When items are imported into the FTZ, no customs duties are required to be paid until the product leaves the location. If the item is re-exported outside of the U.S., no duty has to be paid and it is entirely exempt from tax, or use fees. Once the items are shipped outside of the designated trade zone to be sold within the country, duty and all associated fees are paid at that time.
Foreign Trade Zone #126 (Northern Nevada)
A designated site licensed by the (FTZ) Board at which special customs procedures may be used. Program designed to provide incentive to US Companies to perform some economic activity within the USA. Procedures allow domestic activity involving foreign items to take place prior to formal customs entry into US commerce. FTZs are governed by the FTZ Board and once activated by users, they are restricted access sites under Customs & Border Protection supervision.