Senate Bill 1095 Summary

• Amends Arizona property tax exemption statutes to achieve statutory conformity following a constitutional amendment consolidating property tax exemption provisions in Article IX, Section 2.

• Updates exemption amounts for widows, widowers, persons with total and permanent disabilities, and veterans with disabilities: increases the exemption amount to $4,188 (from $3,000) and assessment limit to $28,459 (from $20,000), with annual adjustments based on GDP price deflator.

• Modifies income limits for exemption eligibility to $34,901 for claimants without dependent children under 18 and $41,870 for those with dependent children, with annual adjustments based on GDP price deflator.

• Increases the maximum exemption for personal property used in agriculture or business from $50,000 to $207,366 of full cash value, with annual adjustments based on employment cost index.

• Expands veteran eligibility definition to include service or nonservice-connected disabilities, with exemption amounts further limited by the veteran's disability rating percentage as determined by the U.S. Department of Veterans Affairs.