What's Hot

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 2025

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [June 6, 2025] - Multifamily Mixed-Use with Daycare Planned in STV
    • [June 6, 2025] - Mesa P&Z Approves Updated EastMarket Plans
    • [June 6, 2025] - 124-Room Extended Stay Hotel Planned in Casa Grande
    • [June 6, 2025] - Pima BoS Approves $250M Affordable Housing Plan
    • [June 6, 2025] - Arizona Projects 06-06-25
    • [June 4, 2025] - Diversified Partners’ Phoenix Development Features 75KSF Family Entertainment  Center
    • [June 4, 2025] - $51M Land Buy May Result in New West Valley Data Center
    • [June 4, 2025] - OrthoArizona Announces New Facilities and Major Expansions
    Facebook Twitter YouTube LinkedIn
    • Home
    • News
      1. View Latest
      2. Planning & Development
      3. Local News
      4. Classifieds
      5. Editorial Analysis
      6. Budgets & Funding
      7. Commercial Real Estate
      8. People on the Move
      9. Arizona Projects
      10. Legislation & Regulations
      11. Trends

      Multifamily Mixed-Use with Daycare Planned in STV

      June 6, 2025

      Mesa P&Z Approves Updated EastMarket Plans

      June 6, 2025

      124-Room Extended Stay Hotel Planned in Casa Grande

      June 6, 2025

      Diversified Partners’ Phoenix Development Features 75KSF Family Entertainment  Center

      June 4, 2025

      Pima BoS Approves $250M Affordable Housing Plan

      June 6, 2025

      Gilbert Council Approves Dev. Services Fee Hike

      June 3, 2025

      Scottsdale Establishes Transportation & Infrastructure Department

      May 30, 2025

      EdgeCore 44-Acre Mesa Land Buy Sets Up Massive Expansion

      May 23, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Legislation Would Effectively Strip NIMBYs of Referendum Tool

      February 11, 2025

      2025 Forecast Tries to Clarify an Uncertain Market

      February 7, 2025

      KOREPlex Buckeye Site Quietly Listed For Sale

      January 31, 2025

      Pima BoS Approves $250M Affordable Housing Plan

      June 6, 2025

      Peoria Council Approves $1.9B 10-Year CIP

      May 27, 2025

      Scottsdale Water Needs $50M for ‘Toilet to Taps’

      May 9, 2025

      Phoenix Releases $11.5B, 5-Year CIP with Nearly 1,000 Projects

      April 1, 2025

      Commercial Real Estate 06-03-25

      June 3, 2025

      Commercial Real Estate 05-27-25

      May 27, 2025

      Commercial Real Estate 05-20-25

      May 21, 2025

      Commercial Real Estate 05-13-25

      May 13, 2025

      Industry Professionals 06-03-25

      June 3, 2025

      Industry Professionals 05-27-25

      May 27, 2025

      Industry Professionals 05-20-25

      May 21, 2025

      Industry Professionals 05-13-25

      May 13, 2025

      Arizona Projects 06-06-25

      June 6, 2025

      Arizona Projects 05-30-25

      May 30, 2025

      Arizona Projects 05-23-25

      May 23, 2025

      Arizona Projects 05-16-25

      May 16, 2025

      Phoenix Considering Data Center Development Restrictions

      May 21, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Executive Order Will Streamline Federal Acquisition Regulations System

      April 26, 2025

      Legislation to Save Axon Plan Continues to Advance

      April 16, 2025

      Ariz. Construction Added 2,400 Jobs in April

      May 21, 2025

      Backlogs, Confidence Increase in April

      May 16, 2025

      Multifamily Developer Confidence Down in Q1

      May 13, 2025

      U.S. Construction Added 11,000 Jobs in April

      May 6, 2025

      Multifamily Mixed-Use with Daycare Planned in STV

      June 6, 2025

      Mesa P&Z Approves Updated EastMarket Plans

      June 6, 2025

      124-Room Extended Stay Hotel Planned in Casa Grande

      June 6, 2025

      Pima BoS Approves $250M Affordable Housing Plan

      June 6, 2025
    • AZBEX
      • Subscribe
      • Classifieds
      • Advertising
    • DATABEX
      • Webinars
      • Monthly Snapshot
    • Events
      • 2025 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    AZBEX
    Home » Arizona Projects » GPLET “Reform” Bill Passes, Awaits Signature
    Arizona Projects

    GPLET “Reform” Bill Passes, Awaits Signature

    BEX StaffBy BEX StaffApril 17, 2018No Comments2 Mins Read
    Credit: Nicole Neri/Downtown Devil
    Share
    Facebook Twitter LinkedIn Pinterest Email

    By Rebecca Spiess for Downtown Devil

    A bill amending the application of a controversial Arizona tax incentive has passed through the legislature and awaits Governor Doug Ducey’s signature.

    The measure, House Bill 2126, passed after it was heavily amended following a long negotiation process.

    The bill would change slum and blight definitions and specifications regarding the size of the city’s Central Business District. It would also require that slum and blight designations be renewed every 10 years. Additionally, the city would have to review its CBD by October 2020.

    These designations would directly affect the requirements of areas that qualify for use under the Government Property Lease Excise Tax, or GPLET. The measure can only be employed with tax abatement perks in slum and blighted areas in a CBD.

    GPLET tax incentives allow the city to take over the rights to a land for the developer, who then leases it back at a significantly reduced rate, replacing normal property tax. It has saved developers millions.

    However, if the development is not taking place in a slum and blight area in a CBD, developers can’t take advantage of the 8-year property tax abatement that is usually part of a GPLET agreement. Currently, (more than) 20 downtown properties use the GPLET tax incentive or are approved to use it.

    The Phoenix City Council also opposed the original version of the bill, which included a larger CBD and would have eliminated slum and blight designations after 10 years instead of allowing re-designation.

    Christine Mackay, Phoenix Community and Economic Development Director, said redesignation of slum and blight areas was also a good change, as there is currently no requirement for a periodic re-assessment.

    GPLET tax incentive will still be available to developers downtown after the new measure, but the areas the incentive can be employed will be more limited. Mackay believes that the GPLET tax incentive is an important tool in downtown development and will continue increasing downtown density.

    Read more at Downtown Devil.

    Government Property Lease Excise Tax GPLET legislation legislature tax incentives
    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    Related Posts

    Pima BoS Approves $250M Affordable Housing Plan

    June 6, 2025

    Arizona Projects 06-06-25

    June 6, 2025

    Gilbert Council Approves Dev. Services Fee Hike

    June 3, 2025

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Our Picks

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 2025

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025

    Pima BoS Approves $250M Affordable Housing Plan

    June 6, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 20250

    By Roland Murphy for AZBEX The Wolff Company is proposing a mixed-use multifamily and commercial…

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025

    Pima BoS Approves $250M Affordable Housing Plan

    June 6, 2025

    BEX serves architecture, engineering and construction firms as well as all the ancillary product and service categories that market to them. These include manufacturing representatives, public agencies and private real estate organizations, specialty subcontractors and services providers related to our industry.

    Our Picks

    Multifamily Mixed-Use with Daycare Planned in STV

    June 6, 2025

    Mesa P&Z Approves Updated EastMarket Plans

    June 6, 2025

    124-Room Extended Stay Hotel Planned in Casa Grande

    June 6, 2025
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.