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Key Votes

SB 1025 - Tax Law Amendments (Budget Reconciliation) - Key Vote

Arizona Key Votes

Stages

Family

Issues

Stage Details

Legislation - Bill Passed (House) (32-15) - (Key vote)

Title: Tax Law Amendments (Budget Reconciliation)

Vote Smart's Synopsis:

Vote to pass a bill that eliminates the state property tax and makes various other changes to the Arizona tax code.

Highlights:
-Repeals all references to the 'state equalization assistance property tax' in the Arizona tax code (Sec. 8). -Establishes the Department of Revenue Administrative Fund, for the purpose of collecting money from unclaimed property, to be used to cover the department's administrative expenses (Sec. 11). -Reduces the amount of time it takes for various types of property, including wages, stocks and interests, and fees owed by insurance companies, to be officially considered 'abandoned' (Sec. 15). -Establishes new regulations for auditing districts that own multipurpose facilities, and requires that the auditor's findings be made public (Sec. 23). -Establishes a date of December 31, 2008 for the retroactive application of the bill's elimination of property taxes (Sec. 42).
Legislation - Bill Passed (Senate) (17-7) - (Key vote)

Title: Tax Law Amendments (Budget Reconciliation)

Vote Smart's Synopsis:

Vote to pass a bill that eliminates the state property tax and makes various other changes to the Arizona tax code.

Highlights:
-Repeals all references to the 'state equalization assistance property tax' in the Arizona tax code (Sec. 8). -Establishes the Department of Revenue Administrative Fund, for the purpose of collecting money from unclaimed property, to be used to cover the department's administrative expenses (Sec. 11). -Reduces the amount of time it takes for various types of property, including wages, stocks and interests, and fees owed by insurance companies, to be officially considered 'abandoned' (Sec. 15). -Establishes new regulations for auditing districts that own multipurpose facilities, and requires that the auditor's findings be made public (Sec. 23). -Establishes a date of December 31, 2008 for the retroactive application of the bill's elimination of property taxes (Sec. 42).
Legislation - Introduced (Senate) -

Title: Tax Law Amendments (Budget Reconciliation)

Sponsors

  • Robert 'Bob' Burns (AZ - R) (Out Of Office)

Co-sponsors

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