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AZ HB2340

Bill

Official Source

Status

Introduced

1/24/2011

Primary Sponsor

Justin Olson

Click for details

Origin

House of Representatives

Fiftieth Legislature - First Regular Session (2011)

AI Summary

  • Amends Arizona Revised Statutes section 41-1276 regarding the state equalization assistance property tax rate for school districts.

  • Establishes a phase-out schedule for the state equalization assistance property tax rate beginning in tax year 2011, reducing the rate by one-fifth each year.

  • Requires the state equalization assistance property tax rate to reach zero beginning in tax year 2015.

  • Maintains existing truth in taxation procedures and computation methods for determining qualifying tax rates for school districts.

Legislative Description

State equalization tax; phase-out

Last Action

Referred to House WM Committee

1/25/2011

Full Bill Text

No bill text available