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REFERENCE TITLE: TPT; residential rentals; notice |
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State of Arizona House of Representatives Fifty-fourth Legislature First Regular Session 2019
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HB 2445 |
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Introduced by Representative Griffin
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AN ACT
amending section 42‑6011, Arizona Revised Statutes; relating to local 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 rentals; notification; applicability
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 unless approved by the qualified electors of the city or town at any regular municipal election.
B. A city or town that levies a transaction privilege, sales, gross receipts, use, franchise or other similar tax or fee, however denominated, applied to the business of renting or leasing real property for residential purposes shall notify by first class mail all owners of residential rental properties that are currently registered with the county assessor of the county in which the property is located of any imposition or increase to the rate of tax at least sixty days before the effective date of the new or increased rate.
B. C. This section does not apply with respect to health care facilities, long-term care facilities or hotel, motel or other transient lodging businesses.
C. D. 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.