GPLET ASRS EDDIE SIGNED LETTER 4-8-24.PDF

301 West Jefferson Street

7
ZONA Mi e Phoenix, Arizona 85003
( Eddie Cook Phone: (602) 506-3406
Maricopa County Assessor http://mcassessor.maricopa.gov

April 09, 2024

Ms. Juanita Garza, Clerk of the Board
Maricopa County Board of Supervisors
301 West Jefferson, 10th Floor
Phoenix, Arizona 85003

Re: Arizona State Retirement System (“ASRS”)

Dear Ms. Garza:

Enclosed is a copy of the 2024 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).

The enclosed forms submitted by the “ASRS” representative contain the property data necessary
for the computation of the lease tax, as well as the total computed tax, which is due and payable
to the Treasurer on or before December 1, 2024. The forms (Government Property Lease Excise
Tax Forms) were completed and approved by representatives of “ASRS”. We have reviewed the
computations on the 2023 reporting forms against A.R.S. 42-6201 et seq., coordinated with the
Treasurer's Office, as well as had discussions with the “ASRS” representative and these are the
final calculations. This year the “ASRS” reporting forms state the total taxes due for 2024 to be
$199,800.00.

As we have done in prior years, my office will coordinate with you to have this item placed on the
next available Board of Supervisors agenda. If you have any questions please contact my
Administrator, Tim Holland at (602) 372-9224.

Sincerely,
Eddie Cook
Maricopa County Assessor
cc John M Allen; Treasurer
Patrick Irvine; Fennemore Craig, P.C.

Tim Holland; Assessor's Office