This bill proposes several updates to the Arizona Revised Statutes regarding property tax classifications and definitions. It introduces new language to define "class one property" under section 42-12001, paragraph 15, specifically including real and personal property primarily leased or rented to lodgers for periods of less than thirty days. Additionally, it clarifies that properties classified as class one, class two, or class four can be reviewed for a change to class three if occupied as a primary residence or by a member of the owner's immediate family, with the right to appeal the classification decision.

The bill also modifies the definition of "online lodging marketplace" to include properties classified under the new class one definition, and it updates the treatment of renewable energy systems, stating that they add no value to properties classified under the specified classes. The language regarding renewable energy systems is revised to clarify their purpose and the types of systems included. Overall, the bill aims to modernize property tax classifications and ensure that new types of property usage are accurately reflected in the law.

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