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

Grand Canyon University tax break gets nod

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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.

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