7/13/09 - City Council Adopts Resolution 09-1324 supporting the formation of the Greater Maricopa Foreign Trade Zone (GMFTZ); Approves a Foreign Trade Zone application to include the Goodyear Gateway South and Palm Valley 303 sites; Adopts a Foreign Trade Zone Tax Policy; Authorizes City’s membership in the GMFTZ Advisory Board.
10/4/2010 – City Council Adopts Resolution 10-1404 and 10-1405 amending the FTZ Tax Policy clarifying the circumstances under which a PILOT (Payment in Lieu of Taxes) Agreement is required and approving the Goodyear Crossings FTZ site. 12/15/2014 – City Council Adopts Resolution 14-1687 amending the FTZ Policy providing administrative approval of FTZ applications for User Driven sites for speculative buildings that met certain requirements by January 1, 2018. 4/26/2021 – City Council Adopts Resolution 2021-2154 which modified the tax policy applicable to activated FTZ sites. Under the 2021 FTZ Policy, unless an activated user meets the requirements of a qualified high-wage manufacturer employer or qualified internet fulfillment center, the user is required to pay a PILOT Fee so that the city and other taxing jurisdictions will receive property taxes that would have been collected had the property not been reclassified and taxed as property within an activated foreign trade zone. |