AZ HB2126

Amends the tax abatement provisions for government property improvements located in central business districts within slum or blighted areas.

Modifies the size limits for central business districts to allow up to the greatest of: existing land area as of January 1, 2018; 2.5% of total city/town land area; or 960 acres.

Requires slum or blighted areas designated after September 30, 2018 to undergo mandatory review and renewal every 10 years or automatically terminate.

Establishes an 8-year maximum lease period for government property improvements receiving tax abatement, with property to be conveyed to the prime lessee within 12 months after lease expiration.

Protects existing leases and development agreements approved before January 1, 2017 from the new 8-year lease limit requirement.