Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Houston’s ship channel. (Photo: Shutterstock)

On Dec. 5, the Texas Supreme Court heard oral arguments in PRSI Trading, LLC v. Harris County, Texas. Before the Texas Supreme Court is the issue of whether a foreign trade zone (FTZ) subzone was still “activated” for the purposes of a company’s claim for an ad valorem tax exemption when the company was operating the subzone without a formal “operator” designation from U.S. Customs and Border Protection (CBP). In 2005, Pasadena Refining System Inc. (PRSI) entered into an agreement with the Port of Houston to operate a subzone of a FTZ for the manufacturing, blending and storage of petrochemicals and other related products at a refinery. The CBP approved PRS1 as the operator of the subzone. The approval provided the operator all of the rights and benefits of a FTZ, including exemption from state and local ad valorem taxation on goods held in a FTZ for export out of the United States. 

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

Law Firms Mentioned


Texas Insurance Coverage Litigation: The Litigator's Practice GuideBook

Practice guide for Texas litigators handling the occasional insurance coverage lawsuit or confronting insurance questions in the context of a litigation practice.

Get More Information

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.