State SealARIZONA HOUSE OF REPRESENTATIVES

 

HB 2097: personal property; reporting; exemption

PRIME SPONSOR: Representative Cook, LD 8

BILL STATUS:  Caucus & COW

                                 Ways & Means: DP 9-0-0-1

                                 Government: DP 11-0-0-0

 

Overview

Specifies that tax exempt personal property is not required to be reported to the county assessor.☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

History

The duty to report requires the county assessor to provide notice on or before February 1 of each year to each person that owns taxable personal property in Arizona. Each person has until April 1 of each year to submit an accurate report to the assessor unless the county assessor grants a 30-day extension (A.R.S §42-15053). Statute defines class two property as personal and real property that is used primarily for agricultural purposes, nonprofits, and golf courses; these among others, are types of property that are exempt from the reporting requirement (A.R.S. §42-12002). The properties under class one that are exempt from the reporting requirement are shopping centers, manufacturing property, communication transmission facilities, commercial and industrial use property (A.R.S. 41-12001).

Provisions

1.       Specifies that the property not required to be reported is exempt from the reporting requirement prescribed in statute. (Sec. 1)

2.       Prohibits the county assessor from requiring a person that owns tax exempt property to apply to be exempt from the prescribed reporting requirement. (Sec. 1)

3.       Makes technical and conforming changes. (Sec. 1)

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7.       Fifty-fourth Legislature                       HB 2097

8.       First Regular Session                            Version 3: Caucus & COW

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10.   ---------- DOCUMENT FOOTER ---------