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AZ HCR2011

Concurrent Resolution

Official Source

Status

Introduced

2/15/2010

Primary Sponsor

David Gowan

Click for details

Origin

House of Representatives

Forty-ninth Legislature - Second Regular Session (2010)

AI Summary

  • Proposes constitutional amendment to Article IX, Section 2 of Arizona Constitution regarding property tax exemptions
  • Changes personal property tax exemption from discretionary (legislature may exempt) to mandatory (is exempt) for property used for agricultural purposes or in a trade or business
  • Removes the $50,000 value cap and inflation adjustment provisions that previously limited the exemption amount
  • Requires voters to approve the amendment at the next general election per Article XXI of the Arizona Constitution
  • All other existing property tax exemptions (federal/state property, educational/charitable institutions, household goods, inventory, veteran properties, widow exemptions) remain unchanged

Legislative Description

Personal property tax; repeal

Last Action

Referred to House WM Committee

2/16/2010

Full Bill Text

No bill text available