AZ SB1472

Increases the fire district tax rate limit from three dollars twenty-five cents to three dollars fifty cents per one hundred dollars of assessed valuation, effective for fiscal years beginning July 1, 2014.

Establishes an automatic two percent annual increase to the fire district tax rate beginning with the fiscal year starting July 1, 2015, with each prior year's rate serving as the base for the following year's calculation.

Adds a new permanent override option allowing voters to authorize tax levies up to the maximum limit permitted under the revised tax rate structure at a regularly scheduled general election.

Modifies override election provisions by removing the requirement that electors choose "one, but not both" of the override options and updates references to election timing requirements.

Renumbers subsequent subsections to accommodate new provisions regarding tax rate increases and override options.