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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateArizona
Reporting JurisdictionCity of Phoenix
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameGovernment Property Lease Excise Tax (GPLET) program
Program purpose: Redevelopment/revitalization
Statutory authority: Arizona Revised Statutes (ARS) Title 42, Chapter 6, Article 6, Sections 42-6201, 42-6203, 42-6208, and 42-6209.
Abating jurisdiction(s): Phoenix, Arizona
Applicable taxesReal Property Tax
Method of abatement: Replacement by an excise tax (like Industrial Development bonds)
Provisions for recapture: (not specified)
Gross revenue loss: $4,964,000
Reimbursement / offset: $0
Net revenue loss: $4,964,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.phoenix.gov/finance/annualreports