AZ SB1182

Amends Arizona Revised Statutes sections 9-951 and 9-952 to modify the disposition of fire insurance premium tax proceeds collected from policies covering property in Arizona.

Changes the deadline for the department of revenue to certify full cash value of real property to the state treasurer from June 15 to align with the April 30 certification deadline for cities, towns, and fire districts.

Clarifies language regarding property valuation limits, specifying that full cash value for cities and towns procuring private fire company services is limited to 30 percent of the amount certified by the department of revenue.

Modifies the distribution deadline from July 1 to July 31 for the state treasurer to distribute fire insurance premium tax proceeds to eligible cities, towns, and fire districts based on real property values.

Clarifies that tax warrant distributions to municipalities with private fire companies and pension plans can be deposited in either the municipality's general fund or, for fire districts, in the firefighters' relief and pension fund.