The proposed bill seeks to amend section 42-11111 of the Arizona Revised Statutes, specifically updating the income thresholds for property tax exemptions. Under current law, the income limit for claimants without children residing in their home is set at $34,901, which would be increased to $135,000. Similarly, for claimants with children living in their residence, the current income limit of $41,870 would be raised to $150,000. These changes aim to provide broader eligibility for property tax exemptions by significantly increasing the income thresholds, thereby allowing more residents to qualify for these benefits. The bill does not alter any other existing provisions of the statute, ensuring that the remaining language remains intact.

Statutes affected:
Introduced Version: 42-11111