AZ HCR2037

Proposes constitutional amendment requiring a two-thirds majority vote (instead of simple majority) for any ballot initiative, referendum, or constitutional amendment that creates a new tax, increases an existing tax rate, or reduces tax deductions and exemptions.

Applies the two-thirds vote requirement to measures establishing special taxing districts or entities with power to levy taxes, and to combinations of tax increases and decreases where the net result is higher tax revenues.

Includes retroactive provision requiring re-submission to voters of all tax-related initiatives and referenda approved between November 5, 2002 and November 6, 2012; any such measures failing to achieve two-thirds approval would be repealed.

Overrides existing constitutional provisions in Article IV and Article XXI regarding standard voting procedures for initiatives and referenda.

Directs the Secretary of State to place the proposed amendment on the ballot at the next general election for voter approval.