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Senate Engrossed |
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State of Arizona Senate Forty-ninth Legislature Second Regular Session 2010
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SENATE BILL 1239 |
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AN ACT
Amending title 42, chapter 6, article 1, Arizona Revised Statutes, by adding section 42‑6011; relating to municipal excise taxes.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 42, chapter 6, article 1, Arizona Revised Statutes, is amended by adding section 42-6011, to read:
42-6011. Municipal transaction privilege tax rates; residential rental
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 above the nominal rate in effect on January 1, 2010 unless approved by the qualified electors of the city or town at any regular municipal election. The city or town may spend public monies of the city or town to cover the expenses of this election.
B. This section does not apply with respect to health care facilities, long-term care facilities or hotel, motel or other transient lodging businesses.
C. 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.
Sec. 2. Retroactivity
Section 1 of this act is effective retroactively to from and after December 31, 2009.