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ARIZONA STATE SENATE
Fifty-Fourth Legislature, First Regular Session
AMENDED
appropriation; elderly assistance fund
Purpose
Appropriates $1,000,000 from the state General Fund (GF) to the Elderly Assistance Fund (Fund) in FY 2020.
Background
The Fund allows qualified Arizona property owners to receive primary school district tax relief. The monies in this Fund are distributed by county treasurers to proportionately reduce the primary school district tax that is levied against the property of all qualified individuals in counties with a population over 2,000,000 persons. If unspent monies remain in the Fund on June 30th of any year, the county treasurer must distribute the monies in the same manner to qualified individuals for the following tax year (A.R.S. § 42-17401).
Qualified individuals are defined as Arizona residents who are 65 years of age or older with a combined income that does not exceed 400 percent of the social security income benefit rate for single-resident households. Households of two or more individuals may not exceed 500 percent of the social security income benefit rate. Qualification criteria must be renewed every three years (Ariz. Const. art. 9 § 18).
S.B. 1383 appropriates $1,000,000 from the state GF in FY 2020.
Provisions
1. Appropriates $1,000,000 from the state GF in FY 2020 to the Fund.
2. Exempts the appropriation from lapsing.
3. Becomes effective on the general effective date.
Amendments Adopted by Committee
· Reduces the appropriation from $6,000,000 to $1,000,000 from the state GF in FY 2020.
Senate Action
APPROP 2/19/19 DPA 8-0-1
Prepared by Senate Research
February 20, 2019
LMM/DRD/kja