Vote — approved

Thomas Galvin	yes
Kate Brophy McGee	yes
Mark Stewart	yes
Debbie Lesko	yes
Steve Gallardo	yes

Ayes: Thomas Galvin, Kate Brophy McGee, Mark Stewart, Debbie Lesko, Steve Gallardo

Item Text

13. ARIZONA STATE RETIREMENT SYSTEM ("ASRS") GOVERNMENT PROPERTY LEASE TAX Enclosed is a copy of the 2025 Government Lease Excise Tax Forms for the Arizona State Retirement System (“ASRS”). Under A.R.S. § 42-11102(C), the 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 2025. That property is a high-rise office building located at 3300 N. Central Ave, Phoenix (APN #118-37-021P). (C-12-25-003-X-00)

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