By Tim Lawless | AZBIGMEDIA
Of the 10 issues identified by the NAIOP-AZ Board as top priorities, nine were resolved successfully at the State Legislature this session.
In a nutshell, we were able to stave off three property tax shifts to commercial real estate while advancing changes to two bills that protect taxpayer petition and disclosure rights and improve the property tax process. We also advanced two bills to the finish line where cities were poised to enact ordinances contrary to the smooth operations of business. Below is a synopsis of the bill number, short description, our position, and how the legislation ultimately fared in priority order. Most importantly, our Board was pleased Prop 123 was approved by the people in mid May as a way to infuse more resources into schools without raising taxes.
