REFERENCE TITLE: state equalization assistance; appropriated monies

State of Arizona House of Representatives Fiftieth Legislature First Regular Session 2011

HB 2342

Introduced by Representative Olson

 

AN ACT

 

amending section 15‑994, Arizona Revised Statutes; relating to school finance.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

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

Section 1.  Section 15-994, Arizona Revised Statutes, is amended to read:

START_STATUTE15-994.  State equalization assistance property tax levy

A.  The board of supervisors of each county shall annually levy, at the time of levying other taxes, levy a state equalization assistance property tax on the property within the county.  The tax levy for state equalization assistance shall be at a rate determined pursuant to section 41‑1276.  The tax levy provided for in this section shall not be subject to title 42, chapter 17, articles 2 and 3.  Except as provided in section 15‑365, the county treasurer shall apportion transfer all monies collected from the state equalization assistance property tax levy to the state treasurer for deposit in the state general fund subject to legislative appropriation for the benefit of that county, and the county treasurer shall apportion these monies to the school districts within the county in accordance with section 15‑971, subsection C at the same time as other tax levy monies are apportioned as provided in section 42‑18001.

B.  At the same time the county assessor is required to transmit values to the county school superintendent as provided in section 42‑17052, the assessor of each county shall provide in electronic format to the superintendent of public instruction the assessed valuation used for determining the primary property tax rate and the secondary property tax rate for each school district in the county.  On or before January 15 the county assessor of each county shall provide in electronic format to the superintendent of public instruction the actual assessed valuation used for determining the primary property tax rate and the secondary property tax rate for each school district in the county, including any revisions made due to changes in the valuation of personal property after the tax rates were determined. END_STATUTE

Sec. 2.  Retroactivity

Section 15‑994, Arizona Revised Statutes, as amended by this act, applies retroactively to tax year 2010.

Sec. 3.  Requirements for enactment; two-thirds vote

Pursuant to article IX, section 22, Constitution of Arizona, this act is effective only on the affirmative vote of at least two-thirds of the members of each house of the legislature and is effective immediately on the signature of the governor or, if the governor vetoes this act, on the subsequent affirmative vote of at least three-fourths of the members of each house of the legislature.