The bill modifies the property tax valuation requirements for guest ranches in Arizona, specifically classifying certain guest ranch properties as class 4 property if they are included in the Arizona Dude Ranch Heritage Trail Program and meet specific criteria. It also clarifies that the horse herd size requirement for guest ranches applies only during the operating season when guests are present. Additionally, the Arizona Historical Society is mandated to issue historical markers for designated dude ranches within two years of a request, and the funding sources for the Arizona Historical Society Revolving Fund are expanded to include gifts, grants, and donations.

Key changes from current law include the reclassification of guest ranch properties, the specification of the horse herd size requirement during the operating season, and the establishment of a process for issuing historical markers. The bill also allows fund expenditures for issuing these markers and enhances the reporting requirements for the Historical Society regarding the use of funds. Overall, the bill aims to promote and recognize the historical significance of dude ranches in Arizona while providing clearer guidelines for property tax valuation.

Statutes affected:
Introduced Version: 41-826, 41-867, 35-146, 35-147, 35-313, 35-190
House Engrossed Version: 41-826, 41-867, 35-146, 35-147, 35-313, 35-190
Senate Engrossed Version: 41-826, 41-867, 42-12002, 42-12004, 42-13302, 42-13551, 35-146, 35-147, 35-313, 35-190, 32-2197, 42-16002, 42-13301
Chaptered Version: 41-826, 41-867, 42-12002, 42-12004, 42-13302, 42-13551, 35-146, 35-147, 35-313, 35-190, 32-2197, 42-16002, 42-13301