Robb: This tax incentive is a fraud and an abuse

The Arizona Republic
Friday, April 21, 2017
Robert Robb

Finally, a tax incentive got too big for its britches, triggering a backlash.

The bloated incentive in question is the misnamed government property lease excise tax, or GPLET in tax wonk circles.

At root, GPLET is a fraud and an abuse.

Under the Arizona Constitution, government property is exempt from property taxes. With a GPLET, a developer pretends to convey its project to the city, removing it from the property tax rolls. The city then leases it back to the developer.

http://www.azcentral.com/story/opinion/op-ed/robertrobb/2017/04/21/robb-...