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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
Effected JurisdictionCity of Tempe
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameGovernment Property Lease Excise Tax (GPLET) agreements
Program purpose: Job Creation/Retention
Statutory authority: Arizona Revised Statutes 42-6201 through 42-6210
Abating jurisdiction(s): Tempe
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $2,544,520
Reimbursement / offset: $0
Net revenue loss: $2,544,520
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.tempe.gov/government/financial-services/open-book