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AZ SB1549
Bill
Status
Passed
3/25/2025
Primary Sponsor
Vince Leach
Click for details
AI Summary
- Amends section 33-272 of Arizona Revised Statutes regarding conservation easements and their valuation
- Requires the Department of Revenue or county assessor to use standard appraisal practices and techniques when determining the full cash value of conservation easements, unless a statutory formula takes precedence
- Clarifies that conservation easements must be voluntarily created and cannot be required by political subdivisions or governmental entities
- Applies existing provisions regarding creation, conveyance, recording, assignment, release, and modification of conservation easements
- Effective as of March 25, 2025
Legislative Description
Conservation easements; valuation
Conservation Easements
Last Action
Chapter 11
3/25/2025
Committee Referrals
Rules3/6/2025
Ways and Means2/27/2025
Rules2/10/2025
Finance2/10/2025
Full Bill Text
No bill text available