AZ SB1293

Limits the government property lease excise tax (GPLET) abatement for new development agreements approved after the bill's effective date, prohibiting abatement of the school district portion of the tax revenue.

Maintains GPLET abatement availability for amounts designated to counties, cities, towns, and community college districts under existing law.

Applies only to development agreements approved after the effective date; existing agreements and pre-approved proposals remain under current rules.

Preserves the existing 8-year maximum abatement period and requirement that government lessors convey property title to prime lessees within 12 months after lease expiration.