TSMC FTZ MARICOPA COUNTY-TAX CONCURRENCE LETTER - 01-08-2021.DOCX

Date
Mr. Andrew McGilvray
Executive Secretary
Foreign Trade Zones Board
U.S. Department of Commerce
1401 Constitution Avenue, NW Room 2111
Washington, D.C. 20230
Re: Taiwan Semiconductor Manufacturing Company (TSMC) Request for FTZ Property Tax
Concurrence “No Objection”
Dear Mr. McGilvray:
The undersigned being a duly authorized representative of Maricopa County does hereby acknowledge and
approve of the proposed property tax reclassification of all future real and personal property for Taiwan
Semiconductor Manufacturing Company (TSMC) to be located at at Northwest corner of Loop 303 and 43rd
Avenue alignment, parcel 204-09-001, within Foreign Trade Zone 75.
In particular, we understand the Foreign Trade Zone designation and resulting tax implications in reclassifying
for property tax purposes. TSMC’s real and personal property located at the site referenced above is requesting
to be eligible to receive the Class 6 assessment ratio of 5% in correspondence with the creation of their Foreign
Trade Zone. As indicated at the outset, we do not object to the FTZ designation and proposed property tax
reclassification contemplated herein.
Sincerely,
Chairman Jack Sellers
Board of Supervisors
Maricopa County