Development

Gilbert prohibits use of special excise tax

Gilbert will not use a government property lease excise tax after the town council passed a resolution prohibiting it.

Special for Independent Newsmedia/Arianna Grainey

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.

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Gilbert prohibits use of special excise tax

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