This bill proposes several updates to the Arizona Revised Statutes regarding property tax classifications. It introduces a new classification for properties primarily leased or rented to lodgers for periods of less than thirty days, designated as class one property under section 42-12001, paragraph 15. The bill also clarifies that properties classified as class one, class two, or class four that are occupied as a primary residence or by a member of the owner's immediate family can be reviewed for a change to class three classification. Additionally, it specifies that renewable energy systems are to be considered as adding no value to the property for tax purposes.

The bill removes outdated language and adds new definitions and provisions to enhance clarity and applicability. For instance, it deletes references to certain classifications and replaces them with updated terms, ensuring that the definitions of renewable energy systems and their impact on property valuation are current. Overall, the bill aims to modernize property tax statutes to reflect contemporary usage and classifications of properties, particularly in the context of short-term rentals and renewable energy.

Statutes affected:
Introduced Version: 42-5075, 42-5076, 42-12001, 42-12054, 42-12056, 32-1121, 45-604, 42-1301, 41-1514.02, 42-5061, 42-5159, 15-1670, 41-1516, 9-463.05, 11-1102, 49-701, 42-5029, 42-5032.01, 42-5032.02, 3-361, 3-262, 42-5008.01, 42-12002, 42-12003, 42-12004, 41-4001, 42-5005, 42-5070, 42-14053, 42-14151, 42-14503, 42-14102, 42-14201, 42-14159, 42-12053, 42-16111