AZ SB1317

Establishes an elderly assistance fund in counties with populations exceeding 2 million persons, administered by the county treasurer to reduce primary school district taxes.

Changes the distribution method from proportionate tax reduction to direct distribution of monies to qualified owners.

Requires the county treasurer to develop application forms, documentation requirements, and procedures for implementing distributions under the bill.

Defines "qualified owner" as an individual age 65+ who owns a primary residence in an organized school district, has owned it for at least 2 years, and whose adjusted gross income does not exceed 400% of the supplemental security income benefit rate (500% for joint owners).

Defines "primary residence" as owner-occupied single-family homes, condominiums, townhouses, or mobile homes used for residential purposes.