Be it resolved by the House of Representatives of the State of Arizona, the Senate concurring:
1. Article IX, section 19, Constitution of Arizona, is proposed to be amended as follows if approved by the voters and on proclamation
of the Governor:
START_STATUTE19. Limitation on annual increases in
local ad valorem tax levies; exceptions
Section
19. (1) The maximum amount of ad valorem taxes levied by
any county, city, town or community college district shall not exceed an amount
two per cent greater than the amount levied in the preceding year.
(2) The
limitation prescribed by subsection (1) does not apply to:
(a) Ad
valorem taxes or special assessments levied to pay the principal of and the
interest and redemption charges on bonded indebtedness or other lawful
long-term obligations issued or incurred for a specific purpose.
(b) Ad
valorem taxes or assessments levied by or for property improvement assessment
districts, improvement districts and other special purpose districts other than
counties, cities, towns and community college districts.
(c) Ad
valorem taxes levied by counties for support of common, high and unified school districts.
(3) This
section applies to all tax years beginning after December 31, 1981.
(4) The
limitation prescribed by subsection (1) shall be increased each year to the
maximum permissible limit, whether or not the political subdivision actually
levies ad valorem taxes to such amounts,
except that beginning in 2007 the limitation prescribed by subsection (1) shall
be computed from the actual tax levy of the county, city, town or community
college district in 2005.
(5) The
voters, in the manner prescribed by law, may elect to allow ad valorem taxation
in excess of the limitation prescribed by this section.
(6) The
limitation prescribed by subsection (1) of this section shall be increased by
the amount of ad valorem taxes levied against property not subject to taxation
in the prior year and shall be decreased by the amount of ad valorem taxes
levied against property subject to taxation in the prior year and not subject
to taxation in the current year. Such amounts of ad valorem taxes shall be
computed using the rate applied to property not subject to this subsection.
(7) The
legislature shall provide by law for the implementation of this section. END_STATUTE
2. Short
title
This measure shall be known as and may be cited as the
"2006 Taxpayer Protection Act".
3. The Secretary of State shall submit this
proposition to the voters at the next general election as provided by article
XXI, Constitution of Arizona.
