SB 1293
GPLET; abatement; limitation
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the government property lease excise tax (GPLET) abatement program in Arizona. It extends the period for which a city or town can abate taxes on government property improvements located in designated central business districts or slum/blighted areas. The bill introduces stricter requirements for lease amendments and economic impact assessments, aiming to ensure that tax abatements benefit the state and local governments. It also clarifies the process for reviewing and potentially terminating slum or blighted area designations.
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