Bill Text: AZ SB1211 | 2013 | Fifty-first Legislature 1st Regular | Introduced

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Bill Title: Property tax delinquency; interest rate

Spectrum: Slight Partisan Bill (Republican 3-1)

Status: (Introduced - Dead) 2013-02-20 - Referred to Senate RULES Committee [SB1211 Detail]

Download: Arizona-2013-SB1211-Introduced.html

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REFERENCE TITLE: property tax delinquency; interest rate

 

 

 

State of Arizona

Senate

Fifty-first Legislature

First Regular Session

2013

 

 

SB 1211

 

Introduced by

Senators Burges, Crandell, Gallardo: Melvin

 

 

AN ACT

 

amending section 42-18053, Arizona Revised Statutes; relating to property tax payment.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1.  Section 42-18053, Arizona Revised Statutes, is amended to read:

START_STATUTE42-18053.  Interest on delinquent taxes; exceptions

A.  Except as provided in subsection B of this section, all taxes bear interest from the time of delinquency at the rate of sixteen ten per cent per year simple until paid.  A fraction of a month is counted as a whole month.

B.  Interest shall not be collected:

1.  If the delinquency is the result of an error by the county assessor or county treasurer.

2.  If the full year tax for the year is paid on or before December 31 of the tax year.  This paragraph applies regardless of whether payment of tax is due pursuant to section 42‑18052, subsections A and B, or subsection C for an amount of tax one hundred dollars or less. END_STATUTE