During the 2019 legislative session NAIOP Arizona is focused on legislation that positions our state to be the preferred choice for corporate locations and expansions. We also support public policies that encourage the growth of local businesses through entrepreneurship and new business formation.
Priority issues for 2019 include:
Support legislation to clarify and limit the circumstances under which a city may levy the speculative builder tax. The current application of the law lacks certainty for building owners and developers and provides a disincentive for redevelopment. Our goal is to bring consistency to the types of projects that are subject to the tax and avoid applications beyond its intended use.
Oppose legislation that could increase taxes, fees, and regulations for the commercial real estate industry. When it comes to commercial property taxes, NAIOP will work to retain improvements made in recent years and support further action to make Arizona more economically competitive.
Protect existing economic development tools so they remain availability for projects that create jobs and contribute to regional economic growth. Additionally, we will monitor legislative proposals that could impact how state universities can utilize the property they own.
Support policies that improve K-12 and post-secondary education and address labor shortages without increasing commercial property taxes.