Benefits within a Foreign Trade Zone

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Property Tax Savings

Only in Arizona

  • Reduce Arizona real and personal/equipment property taxes on investments by as much as 72%.
  • Arizona state law allows for any property in a FTZ that is approved and activated to be re-classified down from 18% valuation to 5% valuation.

Reduced Fees / Streamlined Procedures

Used by 45 of the top 100 importers in the U.S.

  • Reduced paperwork – Consolidated weekly entry process reduces fees.
  • Reduced supply chain time – Faster customer clearance with special direct delivery procedures.
  • Lower fees – Reduction can be up to $1 million in savings annually.
  • Duty Deferral and Reduction – Duty is paid on end products only when goods enter the U.S.
  • Duty Elimination – Foreign merchandise in the FTZ may be re-exported free of duty and federal excise tax. No duty is paid on goods scrapped, wasted or destroyed in an FTZ.

Security                                             

Top Priority

  • Activated FTZ operators enjoy the highest level of security. This allows operators to negotiate lower insurance rates.

Learn about the four ways to quality for city FTZ support.        

Download our FTZ Brochure

 

Contact us today at gyecdev@goodyearaz.gov to learn more.

 

Note: Companies must meet local requirements as described in the city of Goodyear Foreign Trade Zone Policy dated December 15, 2014. Companies must also meet the Foreign Trade Zone Board federal requirements and be activated to obtain tax benefits.

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