The proposed bill would amend current statutes regarding property tax regulations in Arizona. Specifically, it would replace the term "permitted" with "allowed" in the context of primary property tax amounts that governing bodies can fix, levy, or assess. Additionally, it introduces a new provision that requires community college districts to submit any proposed tax rate increase exceeding one-tenth of one percent over the current year's rate to voters for approval. This provision outlines the process for the election, including the timing and the ballot question format.

Furthermore, the bill modifies the structure of existing subsections by renumbering them and removing references to the "property tax oversight commission" in certain contexts. The notification responsibilities of the commission regarding school districts and the reporting duties of the chief county fiscal officer are retained but rephrased to align with the new language. Overall, the bill aims to clarify and update the procedures surrounding property tax assessments and voter involvement in tax rate increases for community college districts.

Statutes affected:
Introduced Version: 42-17151