Providing for foreign-trade zones organized as domestic profit or nonprofit corporations, and foreign profit or nonprofit corporations

This bill amends provisions to allow a foreign for-profit corporation authorized to transact business in this state, a domestic nonprofit corporation organized in this state, or a foreign nonprofit corporation authorized to transact business in this state to have as its purpose the establishment, operation, and maintenance of a foreign-trade zone under federal law. Currently, a domestic corporation may be organized under the laws of this state for purposes of establishing, operating, and maintaining a foreign-trade zone. §81a-81u), creates a foreign-trade zones board to review and approve applications to establish, operate, and maintain foreign-trade zones. The general assembly is considering legislation recommended by the American bar association and proposed in the senate (SF 261) and the house (HF 681).209 in the other legislation.209.