Vote — approved

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

13.ARIZONA STATE RETIREMENT SYSTEM Enclosed is a copy of the 2026 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 e

Item Text

13. ARIZONA STATE RETIREMENT SYSTEM Enclosed is a copy of the 2026 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 2024. That property is a high-rise office building located at 3300 N. Central Ave, Phoenix (APN #118-37-021P). (C-12-26-004-X-00)

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