AZ HCR2035

Proposes to amend Article IX, Section 2 of the Arizona Constitution to repeal the personal property tax exemption for business and agricultural use property that exceeds $50,000 in full cash value.

Removes language allowing the legislature to exempt personal property used for agricultural purposes or in a trade or business, except for amounts not exceeding $50,000, with potential annual adjustments based on inflation.

Requires submission of the proposed constitutional amendment to Arizona voters at the next general election for approval.

Maintains all other existing property tax exemptions including those for household goods, inventory, veterans, widows, educational institutions, and government property.