Bill Text: AZ HB2445 | 2019 | Fifty-fourth Legislature 1st Regular | Engrossed

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: TPT; residential rentals; notice

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2019-04-09 - Chapter 53 [HB2445 Detail]

Download: Arizona-2019-HB2445-Engrossed.html

 

 

 

House Engrossed

 

 

 

State of Arizona

House of Representatives

Fifty-fourth Legislature

First Regular Session

2019

 

 

 

HOUSE BILL 2445

 

 

 

AN ACT

 

amending section 42‑6011, Arizona Revised Statutes; relating to local excise taxes.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 


Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 42-6011, Arizona Revised Statutes, is amended to read:

START_STATUTE42-6011.  Municipal transaction privilege tax rates; residential rentals; notification; applicability

A.  A city or town that levies a transaction privilege, sales, gross receipts, use, franchise or other similar tax or fee, however denominated, shall not impose or increase the rate of tax applied to the business of renting or leasing real property for residential purposes unless approved by the qualified electors of the city or town at any regular municipal election.

B.  A city or town that levies a transaction privilege, sales, gross receipts, use, franchise or other similar tax or fee, however denominated, applied to the business of renting or leasing real property for residential purposes shall notify by first class mail all owners of residential rental properties that are currently registered with the county assessor of the county in which the property is located of any imposition or increase to the rate of tax at least sixty days before the effective date of the new or increased rate.

B.  C.  This section does not apply with respect to health care facilities, long-term care facilities or hotel, motel or other transient lodging businesses.

C.  D.  The requirements of this section apply regardless of whether the city or town has adopted the model city tax code pursuant to article 2 of this chapter. END_STATUTE

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