AZ HCR2007

Proposes a constitutional amendment requiring a two-thirds vote in both houses of the legislature to enact measures that decrease state revenues through new or expanded tax expenditures or tax rate reductions.

Applies to new tax expenditures, increases in existing tax expenditures, expansion of taxpayer eligibility for tax expenditures, and any reduction in tax rates.

Requires gubernatorial veto of such measures to be overridden by a three-fourths vote in both houses rather than the standard two-thirds override vote.

Defines "tax expenditure" as any tax provision exempting persons, income, goods, services, or property from established taxes through deductions, exclusions, exemptions, allowances, and credits, with exceptions for technical provisions and constitutional requirements.

Directs the Secretary of State to submit the amendment to voters at the next general election.