ARIZONA HOUSE OF REPRESENTATIVES

Fifty-sixth Legislature

Second Regular Session

House: WM DP 6-4-0-0

HB 2309: GPLET; agreement posting; abatement period

Sponsor: Representative Grantham, LD 14

Caucus & COW

Overview

Requires the government lessor to include the lease or an abstract of the lease and development agreements on public databases and limits the number of years a city or town can abate property tax from eight years to four years.

History

Within 30 days of entering a lease for the occupancy of a government property improvement, the government lessor must record a memorandum of the lease in the office of the county recorder in the county in which the government property is located, and submit to the county treasurer copies of the lease or an abstract of the lease. The government lessor also must maintain a public database by county, city or town or post its lease agreements on a county, city or town website in locations where the government property leases are subject to property tax (A.R.S. § 42-6202).

On or before February 15 each year, the county treasurer is required to submit a report to the Department of Revenue (DOR) and the Joint Legislative Budget Committee of all returns and payments received for the preceding calendar year regarding leases of government property improvements owned by the government lessor (A.R.S. § 42-6204).

A.R.S. § 42-6209 allows for a city or town to abate property tax on a property for eight years after the certificate of occupancy is issued on a government property improvement.

Provisions

1.   ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteRequires the government lessor to include the lease or an abstract of the lease in the public database. (Sec. 1)

2.   Requires the government lessor to post its development agreements subject to property tax on the website of the county, city or town where the property improvement is located. (Sec. 1)

3.   Requires the county treasurer to submit a report of all returns and payments received for the preceding calendar year to DOR and requires the report to be posted on the DOR website. (Sec. 2)

4.   Limits the number of years a city or town may abate property tax from eight years to four years after the certificate of occupancy is issued. (Sec. 3)

5.   Applies to agreements entered beginning January 1, 2025. (Sec. 4)

6.   Makes technical changes. (Sec. 1, 2)

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10.                    HB 2309

11.  Initials VP/MG    Page 0 Caucus & COW

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