Bill Number: S.B. 1293

                                                                                                              Griffin Floor Amendment

                                                                                                              Reference to: printed bill

                                                                                        Amendment drafted by: Leg Council

 

 

FLOOR AMENDMENT EXPLANATION

 

The Griffin Floor Amendment prescribes the format to be used by election materials in disclosing the effect that a successful election would have on property tax. The amendment links property types and estimated tax effects to the classifications described in statute and adds a class four single family rental residence to the list of property types that must be disclosed on election materials.

This amendment also requires publicity pamphlets for municipal elections to specifically state the amount of sales tax increase proposed, if applicable.


 

Fifty-first Legislature                                                   Griffin

Second Regular Session                                                  S.B. 1293

 

GRIFFIN FLOOR AMENDMENT

SENATE AMENDMENTS TO S.B. 1293

(Reference to printed bill)

 


Page 1, line 16, strike "an"

Strike lines 17 and 18, insert "the information required by section 35-454."

Line 22, strike the colon

Strike lines 23 through 27, insert "an owner‑occupied residence classified as class three pursuant to section 42‑12003, a single-family residence classified as class four pursuant to section 42-12004, a commercial property classified as class one pursuant to section 42‑12001, paragraph 12 and An agricultural or other vacant property classified as class two pursuant to section 42‑12002, as follows:

The estimated tax on an owner‑occupied residence valued by the county assessor at $100,000 is estimated to be $___.

The Estimated tax impact on a single-family rental residence valued by the county assessor at $100,000 is estimated to be $___.

The estimated tax on commercial property valued by the county assessor at $500,000 is estimated to be $____.

The estimated tax on agricultural or other vacant property valued by the county assessor at $100,000 is estimated to be $____."

Line 42, strike "an"

Strike lines 43 and 44, insert "the information required by section 35-454."

Page 2, line 2, strike the colon

Strike lines 3 through 7, insert "an owner‑occupied residence classified as class three pursuant to section 42‑12003, a single-family residence classified as class four pursuant to section 42-12004, a commercial property classified as class one pursuant to section 42‑12001, paragraph 12 and an agricultural or other vacant property classified as class two pursuant to section 42‑12002, as follows:

The estimated tax on an owner‑occupied residence valued by the county assessor at $100,000 is estimated to be $____.

The Estimated tax impact on a single-family rental residence valued by the county assessor at $100,000 is estimated to be $___.

The estimated tax on commercial property valued by the county assessor at $500,000 is estimated to be $____.

The estimated tax on agricultural or other vacant property valued by the county assessor at $100,000 is estimated to be $____."

Page 4, lines 2 and 3, strike "classified as class three, as prescribed by section 42-12003" insert "classified as class three, as prescribed by section 42‑12003 or as class four, as prescribed by section 42-12004"

Lines 11 and 12, strike "classified as class one, as prescribed by section 42‑12001, paragraphs 12 and 13" insert "classified as class one, as prescribed by section 42-12001, paragraphs 12 and 13"

Line 14, after "property" insert "classified as class two, as prescribed by section 42‑12002"

Line 28, after "residence" insert "classified as class three, as prescribed by section 42‑12003 or as class four, as prescribed By section 42-12004"

Line 30, after "property" insert "classified as class one, as prescribed by section 42‑12001"

Line 32, after "property" insert "classified as class two, as prescribed by section 42‑12002"

Page 18, line 15, after "residence" insert "classified as class three, as prescribed by section 42-12003 or as class four, as prescribed by section 42‑12004"

Line 17, after "property" insert "classified as class one, as prescribed by section 42‑12001"

Page 18, line 19, after "property" insert "classified as class two, as prescribed by section 42‑12002"

Page 21, line 27, strike "an"

Line 28, strike "owner-occupied a single-family" insert "an owner-occupied"; strike "classified as class three pursuant"

Line 29, strike "to section 42-12003" insert "classified as class three pursuant to section 42-12003, on a single-family residence classified as class four pursuant to section 42-12004"; strike "classified as class one pursuant"

Line 30, strike "to section 42-12001, paragraph 12" insert "classified as class one pursuant to section 42-12001, paragraph 12"; strike "agricultural or other" insert "agricultural or other"

Line 31, strike "classified as class two pursuant to section 42-12002" insert "classified as class two pursuant to section 42-12002"

Lines 37 and 38, strike "an owner-occupied a single-family" insert "an owner‑occupied"

Between lines 40 and 41, insert:

"The tax impact over the term of the bonds on a single-family rental residence valued by the county assessor at $100,000 is estimated to be $_______ per year for __ years, or $__________ total cost."

Page 22, lines 1 and 2, strike "agricultural or other" insert "agricultural or other"

Page 23, between lines 10 and 11, insert:

"Sec. 6.  Section 42-6006, Arizona Revised Statutes, is amended to read:

START_STATUTE42-6006.  Municipal elections on tax issues

A.  A city or town may submit any issue relating to a transaction privilege tax, sales, use, franchise or other similar tax or fee, however denominated, to the qualified electors of the city or town at any regular or special municipal election, and may spend public monies of the city or town to cover the expenses of the election on that issue.

B.  The publicity pamphlet for an election on A sales tax levy must state the amount of the tax increase." END_STATUTE

Renumber to conform

Page 23, line 21, strike "an"

Strike lines 22 and 23, insert "the information required by section 35-454."

Line 25, strike the colon

Strike lines 26 through 30, insert "an owner‑occupied residence classified as class three pursuant to section 42‑12003, a single-family residence classified as class four pursuant to section 42‑12004, a commercial property classified as class one pursuant to section 42‑12001, paragraph 12 and An agricultural or other vacant property classified as class two pursuant to section 42‑12002, as follows:

The estimated tax on an owner‑occupied residence valued by the county assessor at $100,000 is estimated to be $____.

The Estimated tax impact on a single-family rental residence valued by the county assessor at $100,000 is estimated to be $___.

The estimated tax impact on commercial property valued by the county assessor at $500,000 is estimated to be $____.

The estimated tax on agricultural or other vacant property valued by the county assessor at $100,000 is estimated to be $____."

Amend title to conform


 

 

 

1293gg

02/19/2014

3:23 PM

C: LD