AZ SCR1011

Repeals Article IX, sections 2, 2.1, 2.2, and 2.3 of the Arizona Constitution relating to property tax exemptions and replaces them with a new section 2.

Creates self-executing exemptions from property taxation for federal, state, county and municipal property; public bonds; and household goods used for noncommercial purposes.

Allows the legislature to exempt by law: property of educational, charitable and religious institutions not used for profit; personal property used in trade, business or agriculture; inventory of retailers and wholesalers; cemeteries; and property of widows, widowers, residents with disabilities, and honorably discharged veterans with disabilities.

Requires the legislature to determine by law the qualifications and amounts for exemptions of property described in the discretionary categories.

Prohibits individuals from receiving exemptions under more than one category among widow, widower, person with disability, or veteran with disability exemptions.