Bill > SB1293

This bill modifies existing Arizona law regarding the Government Property Lease Excise Tax (GPLET), which is a tax on leases of government-owned property. Specifically, it amends Section 42-6209 to introduce a new provision, subsection H, which limits the abatement, or reduction, of this tax for certain government property improvements approved by a governing body after the bill's effective date. Under this new provision, the tax abatement will be restricted to the amounts already allocated for counties, cities, towns, and community college districts, and importantly, the portion of the tax revenue designated for school districts cannot be abated. This change aims to ensure that school districts continue to receive their share of GPLET revenue even when other entities benefit from tax abatements on government property leases.