Bill > HB2316

This bill modifies Arizona's property tax classification and taxation laws, primarily focusing on short-term rental properties and renewable energy systems. The bill adds a new subclass (paragraph 15) to class one property, specifically defining real and personal property that is primarily leased or rented to lodgers for periods less than 30 days. This new classification excludes owner-occupied primary residences and residential rental properties. The bill also updates related sections to accommodate this new property classification, including provisions for changing property classification when a property becomes an owner-occupied primary residence. Additionally, the bill makes minor technical amendments to the definition of renewable energy systems, clarifying language about how such systems are valued for tax purposes. The changes aim to provide more precise property tax categorization for short-term rental properties and ensure consistent treatment of properties used for brief lodging periods. The bill's modifications will impact property owners, assessors, and local tax authorities by creating a more specific framework for classifying and taxing short-term rental properties.

https://apps.azleg.gov/BillStatus/BillOverview/82087