AZ SCR1004

Proposes to repeal Arizona Constitution Article IX, sections 2, 2.1, 2.2, and 2.3 relating to property tax exemptions and replace them with a new consolidated section 2.

Establishes that all property in Arizona is subject to taxation except as exempted by federal law or the new constitutional section, and prohibits exemptions for property conveyed to evade taxation.

Automatically exempts from taxation: all federal, state, county and municipal property; public debts evidenced by bonds; and household goods owned and used by their owner for noncommercial purposes.

Authorizes the legislature to exempt by law: property of educational, charitable and religious organizations not used for profit; personal property used in trade, business or agriculture; retail and wholesale inventory; cemeteries; property of widows and widowers; and property of residents with total and permanent disabilities.

Requires voter approval and gubernatorial proclamation for the amendment to take effect.