Bill Amendment: AZ SB1491 | 2021 | Fifty-fifth Legislature 1st Regular
Bill Title: Residential property tax; deferral
Status: 2021-02-17 - Senate FIN Committee action: Held, voting: (0-0-0-0) [SB1491 Detail]
Download: Arizona-2021-SB1491-SENATE_-_Finance.html
Fifty-fifth Legislature Finance
First Regular Session S.B. 1491
PROPOSED
SENATE AMENDMENTS TO S.B. 1491
(Reference to printed bill)
Page 1, line 38, after "$20,000" strike remainder of line
Strike like 39
Line 40, strike "increases" after the period insert "on or before December 31 of each year, the department shall increase the dollar amount prescribed in this subsection based on the average annual percentage increase, if any, in the GDP price deflator in the two most recent complete state fiscal years."
Between lines 40 and 41, insert:
"E. For the purposes of this section, "GDP price deflator" means the average of the four implicit price deflators for the gross domestic product reported by the United States department of commerce or its successor for the four quarters of the state fiscal year."
Page 2, line 41, after "$20,000" insert a period strike remainder of line
Strike line 42, insert "on or before December 31 of each year, the department shall increase the dollar amount prescribed in this subsection based on the average annual percentage increase, if any, in the GDP price deflator in the two most recent complete state fiscal years."
Page 3, between lines 1 and 2, insert:
"D. For the purposes of this section, "GDP price deflator" means the average of the four implicit price deflators for the gross domestic product reported by the United States department of commerce or its successor for the four quarters of the state fiscal year."
Amend title to conform
