AZ SB1034

Expands property tax exemptions to include veterans with service-connected disabilities, in addition to existing exemptions for widows, widowers, and persons with disabilities.

Exemption amounts remain $3,000 if total assessment does not exceed $20,000, with no exemption if assessment exceeds $20,000, subject to annual adjustment based on GDP price deflator.

Exemptions for veterans with disabilities are not subject to income limits under article IX, section 2.4 of the Arizona Constitution.

Requires initial eligibility establishment through affidavit filed with county assessor, with annual income verification and notification of disqualifying events thereafter.

Bill becomes effective only upon voter approval of Senate Concurrent Resolution 1009 at the next general election and applies to tax years beginning after December 31, 2022.