Bill > SB1365

This bill amends existing Arizona law regarding property tax exemptions for widows, widowers, persons with total and permanent disabilities, and disabled veterans. Specifically, it clarifies that the income limitations and disqualifying events for the exemption allowed under subsection E of section 42-11111 of Arizona Revised Statutes now apply to the exemption for widows, widowers, and persons with total and permanent disabilities. The bill also states that these changes are applicable to tax years beginning after December 31, 2026, and it defines terms like "federal house price index" and "GDP price deflator" which are used to adjust exemption amounts annually.