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Tag Archives: legislation

Commercial real estate industry secures major wins in 2018 session

Rolled newspaper with the headline Changes in legislation

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 and was signed into law by Gov. Doug Ducey on April 17. The Arizona Multihousing Association, a key coalition partner with CRE, also played an instrumental role in advancing the compromise by proposing land mass percentage boundaries for a CBD, rather than dwelling on subjective “slum” and “blight” definitions in the eyes of the beholder.

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Wendy Briggs (access required)

Wendy Briggs

A founding director at lobbying firm Veridus LLC and one of the most respected in her profession, Wendy Briggs has built a reputation as relentless, tireless, dependable and tough as nails – qualities that have served her clients well.

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Partisan politics not in play with most legislation

legislation

Most legislation comes from citizens, businesses, organizations and associations who are confronted by a specific problem that needs redress. They look at their options at the state and political subdivision level. They look at their legal opportunities and whether court action might address the issue. And frequently they decide that fixing a perceived statutory deficiency is their best option.

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