The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
DISCLAIMER
This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
48-6254 - Voluntary payments in lieu of property taxes
48-6254. Voluntary payments in lieu of property taxes
(Conditionally Rpld.)
A. The board may provide for voluntary payments of money to taxing jurisdictions in which district property is located in lieu of taxes otherwise levied by those jurisdictions.
B. If the board elects to make direct payments under this section to any taxing jurisdiction in any tax year:
1. On or before April 1, the board shall notify the county assessor of the county in which the property is located of its election to make a payment under this section.
2. The board shall pay to the county treasurer one-half of the amount not later than the first Monday in November and the other one-half not later than the first Monday in May of the next year.
C. The board shall make any direct payments under this section from any unrestricted and unencumbered monies in the general fund. The payments are considered to be an operating expense of the district.