AZ SB1501

Extends the property tax classification deadline for biodiesel manufacturing facilities from December 31, 2023 to December 31, 2028, allowing continued full cash value assessment for qualifying properties.

Modifies section 42-12006 of Arizona Revised Statutes to update the expiration date for real and personal property used specifically and solely to manufacture biodiesel fuel and motor vehicle biofuel.

Applies only to property portions used for manufacturing and processing biodiesel or motor vehicle biofuel from raw feedstock obtained from off-site sources, including associated on-site storage facilities.

Disqualifies entire properties from this classification if any other commercial or industrial use is present at the facility.