SB 1230 Summary

• Modifies tax exemption requirements for nonprofits, educational institutions, religious organizations, and other qualifying entities to require a one-time initial affidavit filing instead of annual renewals, with written notification required only if property use or ownership changes

• Requires entities claiming exemptions to notify the county assessor in writing if property is conveyed to a new owner, no longer used for the qualifying purpose, or if any disqualifying event occurs

• Establishes that nonprofits with 501(c)(3) status that file an initial affidavit with evidence of tax-exempt status are not required to file subsequent affidavits unless circumstances change

• Updates affidavit filing deadlines and procedures, including allowing electronic submission of affidavits with electronic acknowledgment of receipt

• Applies to tax years beginning January 1, 2024, and amends multiple sections of Arizona Revised Statutes relating to educational property, religious property, cemeteries, disabled persons' property, low-income Indian housing, and leased property exemptions