By Tom Blodgett | YourValley
Gilbert Town Council unanimously approved a resolution Aug. 6 prohibiting the town from using any government property lease excise tax for its redevelopment efforts or related to a central business district.
The GPLET is a way to stimulate development in commercial districts by temporarily replacing a building’s property tax with an excise tax. It is a tool the state allows for use in designated redevelopments areas and central business districts.