C-number: C-12-22-008-X-00
Revision: 00
Vote — approved
12.STATE RETIREMENT SYSTEM GOVERNMENT PROPERTY LEASE TAX Under A.R.S. § 42-11102(C), the Arizona State Retirement System (ASRS) may elect to have the taxes on its income producing properties based upon their full cash value as determined by this Office ("voluntary contributions") or pursuant to A.R.S. § 42-6201 et seq., it may provide for a government property lease tax ("GPLET"). The ASRS has timely notified the Assessor's Office that it is electing to have its sole property in Maricopa County
Item Text
12. STATE RETIREMENT SYSTEM GOVERNMENT PROPERTY LEASE TAX Under A.R.S. § 42-11102(C), the Arizona State Retirement System (ASRS) may elect to have the taxes on its income producing properties based upon their full cash value as determined by this Office ("voluntary contributions") or pursuant to A.R.S. § 42-6201 et seq., it may provide for a government property lease tax ("GPLET"). The ASRS has timely notified the Assessor's Office that it is electing to have its sole property in Maricopa County taxed under the GPLET framework for tax year 2022. That property is a high-rise office building located at 3300 N. Central Ave, Phoenix (APN #118-37-021P). The computed tax due on or before December 1, 2022 is $26,080. (C-12-22-008-X-00)
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