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ARIZONA HOUSE OF REPRESENTATIVESFifty-fifth Legislature Second Regular Session |
House: WM DP 6-0-4-0 |
HB 2320: veterans' organization; leased property; classification
Sponsor: Representative Kavanagh, LD 23
Committee on Military Affairs & Public Safety
Overview
Allows property, buildings and fixtures leased to a United States veterans' organization to qualify as class nine property.
History
The Arizona State Constitution outlines that property owned by a veteran's organization may be exempt from taxation so long as they qualify as a charitable association or institution (Arizona Constitution, Article IX, pt. I, sec. II).
Currently, property owners are subject to pay taxes in accordance with whichever property tax classification their property qualifies regardless of any lease with a veteran's organization (A.R.S. § 42-12001 - 42-12009).
Provisions
1.
Allows property, buildings and fixtures
leased to veterans' organizations to qualify as class nine property. (Sec. 1,
4)
2. Establishes that in cases where only a portion of a property is leased to a qualifying veterans' organization, only that leased portion would receive class nine property treatment. (Sec. 1, 4)
3. Requires that to maintain a class nine property classification, the veterans' organization or property owners to annually file an affidavit with the assessor stating that the veterans' organization is the sole economic beneficiary of the classification, and the property is used primarily for veterans' organization operations. (Sec. 1, 4)
4. Establishes that veterans' organizations that own property used primarily for veteran organization operations may file the evidence of their tax-exempt status with the assessor to qualify for a tax exemption as well as an exemption from filing subsequent affidavits. (Sec. 1)
5. Defines veterans' organizations. (Sec. 1)
6. Makes technical and conforming changes. (Sec. 2, 3)
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HB 2320
Initials VP Page 0 Military Affairs & Public Safety
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