The proposed bill, if enacted, would significantly update current statutes related to taxation and bond elections in Arizona. It would increase the home value used in informational pamphlets for override elections from $80,000 to $400,000, and for class B bond elections, it would establish a new home value of $400,000. Additionally, the bill would amend Truth in Taxation notices to reflect home values of $100,000 and $400,000, replacing the current value of $100,000. The bill also introduces a new commercial property value of $2,000,000 for use in bond election pamphlets.

Furthermore, the bill would make several technical changes, including specifying that certain phrases on ballots must be in boldface type and clarifying that the bonds will be paid through a tax on all taxable property within a district. It would also require the estimated tax impact for both owner-occupied residences valued at $100,000 and $400,000, as well as commercial properties valued at $1,000,000 and $2,000,000, to be included in the informational materials. Overall, these updates aim to provide clearer and more relevant information to voters regarding the financial implications of proposed tax increases and bond authorizations.

Statutes affected:
Introduced Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104
House Engrossed Version: 15-481, 15-491, 15-905.01, 15-1461.01, 35-454, 41-1276, 42-17107, 48-254, 16-204, 15-905, 42-12003, 42-12001, 15-422, 15-423, 15-424, 15-426, 15-403, 15-947, 15-482, 15-949, 15-971, 15-447, 15-342, 15-493, 15-401, 15-402, 15-910, 15-910.01, 1999-2000, 15-995, 15-907, 42-17052, 42-17002, 42-17051, 15-1461, 42-17105, 42-12002, 42-17151, 42-17103, 42-17104