AZ SCR1045

Proposes a constitutional amendment requiring any act providing a net increase in state revenues to pass by two-thirds affirmative vote in both houses of the legislature.

Applies to new taxes, tax rate increases, elimination of tax deductions or exemptions, new or increased fees and assessments, and changes in tax allocation between state and local governments.

Exempts revenue increases from inflation or assessed valuation changes, administratively set fees without statutory limits, local government taxes and fees, and dedicated funding for public schools, transportation, and public safety agencies.

Requires the governor's signature for immediate enactment of acts receiving the two-thirds vote, but allows veto override with three-fourths vote in both houses.

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