Grand Canyon University tax break gets nod - East Valley Tribune: Business

Grand Canyon University tax break gets nod

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, March 12, 2014 10:15 am

An Arizona House committee has approved a Senate bill that would give a big property tax break to a private, for-profit Christian university in west Phoenix.

The House Committee on Ways and Means unanimously approved the Senate-passed bill vote on Monday.

Senate Bill 1301 cuts the taxes Grand Canyon University must pay every year by reclassifying it into a much lower rate. If the bill was passed and signed into law it would reduce the university's taxes from about $1 million annually to about $264,000.

Bill sponsor Sen. Steve Yarbrough of Chandler has said the bill evens the playing field for GCU and is a good public policy decisions. The Senate approved the bill on Feb. 20 with a 27-2 vote.

Grand Canyon University is currently building a new campus in Mesa, which is expected to open by 2015.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More about

More about

More about

  • Discuss

Video: Wilkins Learning Center's Success with Best of Gilbert

Business has soared at the Wilkins Learning Center after being named "Best Preschool" in the E...

'EV Women in Business'

A PDF of the Tribune special section, featuring a mix of sponsored content from our loyal advertisers and newsroom coverage of the East Valley business community.

Your Az Jobs