AZ HCR2006

Proposes to amend Article IX, Section 2 of the Arizona Constitution to change the personal property tax exemption for agricultural and business property from a fixed $50,000 amount to an amount equal to earnings per employee of twenty workers in the state, adjusted annually by law.

Maintains existing constitutional exemptions for federal, state, county and municipal property, household goods, educational/charitable/religious institutions, and inventory of retailers and wholesalers.

Preserves existing property tax exemptions for honorably discharged veterans and widows with specific income and assessment limitations.

Requires the Secretary of State to submit the proposition to voters at the next general election.