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AZ HB2515

Bill

Status

Vetoed

4/18/2025

Primary Sponsor

Justin Olson

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - First Regular Session (2025)

AI Summary

  • Updates property valuation examples in truth in taxation notices and bond election informational materials from $100,000 home valuations to include both $100,000 and $400,000 home examples for tax impact comparisons.

  • Modifies notice requirements for school district budget overrides, community college districts, counties, cities, towns, and special taxing districts to display tax impacts on both $100,000 and $400,000 valued properties.

  • Changes ballot language requirements for general obligation bonds to use "boldface type" and clarifies that principal and interest will be paid from a continuing, direct, annual, ad valorem tax levied against all taxable property.

  • Updates bond election informational pamphlet requirements to include tax rate information associated with individual capital improvements and estimated costs for both $100,000 and $400,000 valued properties.

  • Revises school district override election informational pamphlets to include tax rate examples for single family homes valued at $100,000 and $400,000 instead of the previous $80,000 valuation standard.

Legislative Description

Truth in taxation; bonds; notices

Taxation

Last Action

Governor Vetoed

4/18/2025

Committee Referrals

Rules2/25/2025
Finance2/11/2025
Rules1/27/2025
Ways and Means1/27/2025

Full Bill Text

No bill text available