ARIZONA HOUSE OF REPRESENTATIVES

Fifty-fifth Legislature

Second Regular Session

House: WM DP 6-0-4-0 | 3rd Read 59-0-1-0

Senate: FIN DP 9-1-0-0| 3rd Read 26-0-4-0

HB 2320: veterans' organization; leased property; classification

Sponsor: Representative Kavanagh, LD 23

Transmitted to the Governor

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.   ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteAllows 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 owner must 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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10.                    HB 2320

11.  Initials VP/ES        Page 0 Transmitted

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