This bill proposes several updates to the Arizona Revised Statutes concerning property tax exemptions and classifications. Key amendments include the replacement of the term "per cent" with "percent" in various sections, the clarification of assessed valuation language, and the redefinition of certain property classes. Specifically, it modifies the classification of businesses and properties, ensuring that the assessed valuation aligns with current standards. Additionally, the bill repeals outdated sections related to personal property exemptions and consolidates definitions for clarity.

The bill also introduces new provisions, such as the establishment of a public digital registry for properties burdened by conservation easements and the stipulation that the act will apply to tax years beginning after December 31, 2025. By repealing certain sections and amending others, the bill aims to streamline property tax regulations and enhance the clarity of the statutes, ultimately improving the administration of property tax exemptions in Arizona.

Statutes affected:
Introduced Version: 15-445, 15-448, 15-459, 15-481, 42-5075, 42-11054, 42-11127, 42-12001, 42-12002, 42-12004, 42-12006, 42-12007, 42-12054, 42-12058, 42-13054, 42-13055, 42-13056, 42-13304, 42-13351, 42-15002, 42-15005, 42-15053, 15-825.02, 42-12003, 15-912.01, 15-482, 15-457, 15-458, 15-943, 15-241, 15-975, 15-997, 16-509, 16-204, 15-544, 15-910, 15-430, 15-905, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-949, 15-971, 15-447, 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, 41-4001, 44-1761, 42-15101, 42-16002, 42-14053, 42-14151, 42-14503, 42-14102, 42-14201, 42-14159, 32-2197, 41-867, 42-12101, 49-282.06, 49-922, 42-12057, 42-12053, 42-16111, 42-12005