The proposed bill, if enacted, would amend existing statutes related to property tax exemptions for veterans in Arizona. Currently, veterans with service or nonservice-connected disabilities receive a property tax exemption of $4,188 if their property tax does not exceed $28,459. The bill 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 U.S. Department of Veterans Affairs. Additionally, it would specify that widows, widowers, and individuals with permanent disabilities would continue to receive exemptions, but the amount would be adjusted based on the veteran's disability rating and income limits.

Furthermore, the bill would remove certain outdated language and clarify the process for determining eligibility for exemptions. It mandates that the total amount raised from primary property taxes cannot include funds to offset the exemptions for combat veterans rated as 100% disabled. The bill also includes an applicability clause, stating that these changes would take effect for tax years beginning after December 31, 2025. Overall, the bill aims to enhance the benefits for combat veterans while maintaining support for other eligible individuals.

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