State SealARIZONA HOUSE OF REPRESENTATIVES

 

HB 2445: TPT; residential rentals; notice

PRIME SPONSOR: Representative Griffin, LD 14

BILL STATUS: Transmitted to Governor

                               

 

Overview

Requires cities and towns to provide at least a 60-day notice to residential rental property owners of voter approved tax changes affecting their property.☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

History

Current law requires cities and towns to get voter approval for new taxes or an increase to existing taxes on residential rental properties. The tax types that are subject to this requirement are transaction privilege, sales, gross receipts, use, franchise or other similar tax or fee. This requirement applies to all cities and towns in Arizona. This statute does not apply to facilities used for healthcare, long-term care or transient lodging businesses such as hotels and motels. Currently cities and towns are not required to notify owners of residential rental properties of new taxes or an increase to existing taxes approved by voters (A.R.S § 42-6011).

Provisions

1.       Requires cities and towns to notify each residential transaction privilege tax licensee who is licensed with Department of Revenue and each individual residential rental property of a new or increased tax rate at least 60 days before the effective date. (Sec. 1)

2.       Specifies that cities and towns must send a notice to the owners of the residential rental property by first class mail. (Sec 1)

3.       Makes conforming changes. (Sec. 1)

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7.       Fifty-fourth Legislature                       HB 2445

8.       First Regular Session                            Version 5: Transmitted

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