HCR 2023 Summary

• Proposes to repeal Article IX, sections 2, 2.1, 2.2 and 2.3 of the Arizona Constitution relating to property tax exemptions.

• Replaces repealed sections with a new Article IX, section 2 establishing that all property is subject to taxation unless exempt by federal law or the new constitutional provision.

• Makes self-executing exemptions for federal, state, county and municipal property; public debts evidenced by bonds; and household goods used for noncommercial purposes.

• Authorizes the legislature to exempt by law: property of educational, charitable or religious non-profit organizations; personal property used in trade, business or agriculture; business inventory; cemeteries; property of widows/widowers; property of residents with medically certified permanent disabilities; and property of honorably discharged veterans with service or non-service connected disabilities.

• Requires the Secretary of State to submit the proposition to voters at the next general election.