AZ SB1416

Changes the agricultural property tax classification requirement from 7 of the last 10 years of active production to 3 of the last 5 years of active production.

Applies the shortened production requirement to feedlot and dairy operations moved to new properties, allowing a 3-year grace period instead of 7 years for the new location to meet production history.

Allows property owners to satisfy the "reasonable expectation of operating profit" requirement by filing an affidavit of agricultural use with the assessor, signed by the owner attesting the property is actively producing with expectation of profit.

Maintains existing exemptions for inactive periods due to acts of God, federal farm programs, crop rotation, water supply reductions, and range management practices.