AZ HB2934

Amends Arizona Revised Statutes section 42-16214 regarding refunds or credits of excess property tax payments when judgment is awarded to a taxpayer.

County treasurer must pay judgments from property tax monies collected in the next fiscal year, or from budgeted funds if sufficient amounts are available, with board of supervisors approval.

Judgment amounts may not be subtracted from amounts due to taxing jurisdictions in subsequent fiscal years, eliminating the previous requirement that affected taxing jurisdictions include proportional judgment amounts in their budgets.

Interest at the legal rate (as set by the department) is payable on overpayments or underpayments from the date they occurred, calculated on a pro rata basis if taxes were paid in installments.

Judgments in favor of appellants who paid taxes directly to the department shall be paid from the state general fund.