AZ HCR2011

Proposes constitutional amendment to Article IX, Section 2 of Arizona Constitution relating to property tax exemptions for personal property used in agriculture or trade/business.

Establishes two-tiered exemption system based on acquisition date: property acquired during or after tax year 2015 exempts an amount equal to annual earnings of fifty state workers (adjusted annually); property acquired before tax year 2015 exempts up to $50,000 (with legislature authorized to increase based on inflation).

Designates measure as the "Small Business Job Creation Act."

Requires submission to voters at next general election per Article XXI of Arizona Constitution.