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Tucson Sentinel
A Republican bill that would rein in a controversial tax break used by municipalities to entice large development projects that cities say they need is one step closer to being sent to the governor’s desk.
https://www.tucsonsentinel.com/local/report/031324_municipal_tax_breaks…
AZ Mirror
Rep. Travis Grantham, R-Gilbert, wants to reduce the amount of time a property can receive a Government Property Lease Excise Tax, or GPLET for short, from eight years down to four years.
“Make no mistake about it…the underlying policy questions still remain and will remain after this bill,” McCarthy said, adding that the tool allows for cities to pick “winners and losers” in economic development.
AZCentral
Chamber Business News
Arizona’s business community and Gov. Doug Ducey support Proposition 132, which would require ballot initiatives that seek to raise taxes to pass with at least 60% of the votes cast.
Under current law, all initiatives – including those that raise taxes – pass with a simple majority.
In arguments for the proposition published by the Secretary of State’s Office, several associations representing job creators argue that passage of Proposition 132 would guard against damage to the Arizona economy and taxpayers.
Under current law, all initiatives – including those that raise taxes – pass with a simple majority.
In arguments for the proposition published by the Secretary of State’s Office, several associations representing job creators argue that passage of Proposition 132 would guard against damage to the Arizona economy and taxpayers.