AZ HB2600

Allows county boards of supervisors to apply property tax rate reductions to all taxable property in a school district during fiscal year 2024-2025 if residential property comprises less than 10% of total assessed valuation and the district has an approved cash deficit levy.

Permits property tax reductions exceeding the $600 cap on individual parcels in fiscal year 2024-2025 for school districts meeting the same criteria (less than 10% residential property and approved cash deficit levy).

Authorizes additional state aid for education exceeding the $1,000,000 per county limit in fiscal year 2024-2025 for qualifying school districts with minimal residential property and prior-year cash deficit levies.

Repeals all provisions of this act effective December 31, 2026.