AZ HB2340

Amends Arizona law to allow community college districts to resubmit a proposed property tax levy for voter approval 20-35 years after initial approval, with the new amount limited to no more than twice the previously authorized levy.

Allows phased implementation of approved levy increases over three tax years: first year capped at one-third of the increase, second year at two-thirds of the increase, and subsequent years at the full approved amount.

Requires districts whose proposed levy increase is rejected by voters to wait at least two years before resubmitting a new proposal.

Applies the new provisions only to community college districts that initially established their primary property tax levy under this section, excluding provisional community college districts formed under section 15-1409.