The bill HB2309 proposes to amend the government property lease excise tax (GPLET) regulations by reducing the maximum lease and abatement period from eight years to four years. It also introduces new requirements for government lessors, mandating that they include development agreements in public databases and post lease agreements on relevant county, city, or town websites. Additionally, the bill requires that leases or abstracts be included in the public database within 30 days of entering into the lease, and it mandates that the Arizona Department of Revenue (ADOR) post annual GPLET reports on its website.

The changes aim to enhance transparency and accountability in the leasing process of government properties. The new provisions will take effect for agreements entered into beginning January 1, 2025, and the bill includes technical changes to existing law. However, it was vetoed by the Governor, who expressed concerns that the bill could negatively impact economic development efforts.

Statutes affected:
Introduced Version: 42-6202, 42-6204, 42-6209, 42-6208, 42-18053
House Engrossed Version: 42-6202, 42-6204, 42-6209, 42-6208, 42-18053