AZ HB2689

Increases the tax levy rate for property not located in a school district from one-half (50%) to seventy-five percent (75%) of the qualifying tax rate prescribed in section 15-971.

Increases the additional tax rate in school districts ineligible for equalization assistance from 50% to 75% of the applicable qualifying tax rate.

Changes the assessed valuation reference from "one hundred dollars" to "$100" throughout the affected sections (technical clarification).

Requires an affirmative vote of at least two-thirds of each house of the legislature for enactment, with the bill taking effect immediately upon gubernatorial signature or upon a three-fourths supermajority override vote if vetoed.