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Senate Engrossed |
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State of Arizona Senate Fiftieth Legislature Second Regular Session 2012
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SENATE BILL 1514 |
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AN ACT
Amending section 42-6011, Arizona Revised Statutes; 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. Section 42-6011, Arizona Revised Statutes, is amended 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 any new rate of tax or increase the rate of tax applied to the business of renting or leasing real property for residential purposes unless approved by the qualified electors of the city or town at any regular municipal 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, 2010.