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Tempe, AG agree to settle tax-rate dispute
The City of Tempe will no longer be able to use a 2010 resolution the mayor and council adopted to offer favorable tax incentives to private developers.
AG takes Tempe to court over lease agreements with developers
The Attorney General’s Office wants the Arizona Supreme Court to weigh in on whether property tax incentives in lease agreements that the City of Tempe signed with several developers violate state law.
Commercial real estate industry secures major wins in 2018 session
The biggest victory was a grand compromise on GPLET (Government Property Lease Excise Tax) reform. A unanimous deal was struck between developers, cities and tax watchdogs on the long-term retention of the 8-year property tax abatement and narrowing the application in the future to a capped land mass contained in a central business district (CBD) within a city. HB2126 passed virtually unanimously [...]
AG finds Tempe might have violated state law in lease deal
The Attorney General’s Office has found that while a lease agreement the city of Tempe signed with a hotel developer does not violate state law, another agreement signed with a regional bank branch might.
Leach sics AG on Tempe over allegation of illegal tax breaks
Rep. Vince Leach has followed through on a threat to ask the Attorney General’s Office to investigate whether Tempe broke the law in signing two lease agreements with developers he alleges received illegal tax breaks.
Ending tax subsidies won’t mean an end to development
Fair treatment for all taxpayers and letting the market develop itself seems like a no brainer, but in the world of municipal economic development, it’s rare.
Authorities debate whether lavish economic development incentives are worth the price
Arizona’s city, county and state governments are handing out billions in economic development incentives to attract business — but not without resistance from critics who dispute their necessity.
