HB 2309
Initials VP/MG Page 1 Ways & Means
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-sixth Legislature
Second Regular Session
HB 2309: GPLET; agreement posting; abatement period
Sponsor: Representative Grantham, LD 14
Committee on Ways & Means
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. Requires 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)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note