The proposed bill, if enacted, would amend current statutes regarding property tax exemptions for veterans in Arizona. Specifically, it would introduce a new provision that grants a complete exemption from property tax for combat veterans with a service-connected disability rated as 100% by the United States Department of Veterans Affairs (C. The property of a combat veteran with a service connected disability that is combat related and that is rated as one hundred percent by the United States department of veterans affairs is fully exempt from taxation.). Additionally, it would modify existing exemptions for widows, widowers, and individuals with disabilities, specifying the exemption amounts and conditions under which they apply (D. The property of a widow or widower, a person with a total and permanent disability and a veteran with a service or nonservice connected disability who does not qualify for a full exemption under subsection C of this section is exempt in the amount of). Furthermore, the bill would ensure that the amount raised from primary property taxes does not include funds to offset the exemptions provided for combat veterans (The amount to be raised from primary property taxes may not include the amount to offset the aggregate amount of exemptions provided under section 42-11111, subsection C for the tax year.). It also includes provisions for determining eligibility and maintaining the exemption status, requiring annual income calculations and notifications to the county assessor regarding any disqualifying events (...the person or the person's representative shall annually calculate, if necessary, income from the preceding year to ensure that the person still qualifies for the exemption...). The act would apply to tax years beginning after December 31, 2025 (This act applies to tax years beginning from and after December 31, 2025.).

Statutes affected:
Introduced Version: 42-11111, 42-17151, 42-11152, 32-1601
House Engrossed Version: 42-11111, 42-17151, 42-11152, 32-1601