AZ HB2665

Creates a property tax exemption for primary residences owned by veterans receiving 100 percent disability compensation from the U.S. Department of Veterans Affairs for service-connected disabilities who are Arizona residents.

Exempts the full appraised value of the veteran's primary residential homestead from taxation, subject to Arizona Constitution Article IX, Section 2.4.

Requires veterans to initially file an affidavit with the county assessor to establish eligibility, but exempts them from filing annual affidavits thereafter; veterans must instead notify the assessor of disqualifying events such as death, reduction in disability compensation, or property conveyance.

Amends sections 42-11152 and 42-11153 to reference the new exemption provision in application deadlines and affidavit procedures.

Takes effect only upon voter approval of a constitutional amendment (House Concurrent Resolution) at the next general election and applies to tax years beginning January 1, 2023 or later.