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ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
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HB 2915: tax reduction fund; renewable energy
Sponsor: Representative Marshall, LD 7
Committee on Natural Resources, Energy & Water
Overview
Requires a county Board of Supervisors (BOS) establish residential property tax reduction funds for each property value reducing renewable energy facility located in a county and outlines duties of the county treasurer and BOS in implementing and distributing the funds.
History
The county board of supervisors (BOS) in a county regulates the subdivision of all lands within its corporation limits, excluding any subdivisions that are regulated by municipalities (A.R.S. § 11-821).
The county treasurer must keep all money belonging to the state, or to the county, in his possession until disbursed according to law. He may not place it in the possession of any person to be used for any purpose, or lend, or in any manner use, or permit any person to use, such money except as provided by law (A.R.S. § 11-491).
Provisions
1. Requires a BOS, on approval of all zoning elements for a property value reducing renewable energy facility (Facility), establish a residential property tax reduction fund (Fund) for each Facility located in that county. (Sec. 1)
2. Directs the county treasurer to administer each Fund. (Sec. 1)
3. Mandates the county treasurer distribute monies in each Fund, according to the BOS-approved distribution method, to each eligible residential property located within the eligible distance of the Facility (Property). (Sec. 1)
4. Requires the county treasurer, before December 2 of each year, deposit in each Fund a portion of the real and personal property tax revenues collected from each Property. (Sec. 1)
5. Stipulates the amount of real and personal property tax revenues deposited in the Fund must be 50% of the difference of the assessed value of the Facility and the assessed value of the Property after the construction of the Facility. (Sec. 1)
6. Requires the county treasurer to use not more than 10% of the monies deposited in each Fund annually to administer the Fund. (Sec. 1)
7. Directs the county treasurer to determine the total amount of monies remaining in each Fund, after the monies to administer the Fund are used, and distribute those monies to each Property owner to reduce annual real and personal property tax according to the distribution method approved by the BOS. (Sec. 1)
8. Outlines different eligible methods a BOS may approve for Fund distribution and requires a BOS adopt one of the outlined methods. (Sec. 1)
9. Stipulates an adopted Fund distribution method must be consistently applied by a BOS for all cases requiring Fund distribution in the county in which it was adopted. (Sec. 1)
10. Prohibits the county treasurer from distributing monies to Property owners in excess of an owners outstanding property tax balance or due property tax. (Sec. 1)
11. Requires the county treasurer to distribute the maximum amount allowable to a Property owner if their Property's distribution exceeds the total amount allowable and proportionally distribute the excess to all other Properties. (Sec. 1)
12. Prohibits the county treasurer from:
a. moving, transferring or commingling monies between Funds; or
b. depositing monies from the Fund in the County General Fund or any other unauthorized account. (Sec. 1)
13. Prohibits a BOS that has established a Fund from using, withdrawing or transferring, or directing any person to use, withdraw or transfer, monies from a Fund for unauthorized purposes. (Sec. 1)
14. Defines pertinent terms. (Sec. 1)
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18. Initials CW/RS HB 2915
19. 2/12/2026 Page 0 Natural Resources, Energy & Water
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