AZ HB2551

Amends Arizona Revised Statutes sections 15-972, 42-11111, 42-11127, 42-11152, and 42-15053 to conform statutory language with existing constitutional provisions on property tax exemptions.

Creates new section 42-11134 establishing a property tax exemption for primary residences of veterans with service or nonservice-connected disabilities, with exemption amounts indexed annually and limited by the veteran's disability rating percentage.

Requires veterans claiming the exemption to meet income limits (same as those for widows/widowers with disabilities under section 42-11111), file initial affidavits with county assessors, and report disqualifying events such as property sale or death.

Makes technical corrections to statutory language regarding property tax exemptions, including updating dollar amounts to use numerals instead of words and clarifying references to constitutional provisions.

Becomes effective only upon voter approval of House Concurrent Resolution ____ at the next general election to amend the Arizona Constitution regarding property tax exemptions.