AZ HCR2017

Repeals Arizona Constitution Article IX, sections 2, 2.1, 2.2, and 2.3 relating to property tax exemptions and replaces them with a single consolidated section 2.

Establishes that all property in Arizona is subject to taxation unless exempt under federal law or the new constitutional section.

Makes self-executing exemptions for federal, state, county, and municipal property; public debts; household goods used for noncommercial purposes; and retail/wholesale inventory.

Authorizes the legislature to exempt educational, charitable, and religious property; cemeteries; widows and widowers; persons with disabilities; and honorably discharged veterans with disabilities, with qualifications to be determined by law.

Authorizes the legislature to exempt personal property used in trade, business, or agriculture up to $220,000 in full cash value, with provision for annual increases based on a designated national inflation index.