Bill Text: AZ HB2348 | 2020 | Fifty-fourth Legislature 2nd Regular | Introduced
Bill Title: Municipal TPT; residential rentals; limit
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2020-01-29 - House WM Committee action: Do Pass, voting: (8-2-0-0-0-0) [HB2348 Detail]
Download: Arizona-2020-HB2348-Introduced.html
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REFERENCE TITLE: municipal TPT;
residential rentals; limit |
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State of
Arizona House of
Representatives Fifty-fourth
Legislature Second Regular
Session 2020 |
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HB 2348 |
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Introduced by Representatives Chávez: Andrade, Cook, Dunn, Hernandez A,
Lieberman, Roberts, Sierra, Teller, Toma |
AN ACT
amending section
42‑6011, Arizona Revised Statutes; relating to municipal transaction
privilege tax.
(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; limit; 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 the new or increased rate of tax is
approved by the qualified electors of the city or town at any regular municipal
election and is not more than five percent.
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 send a notice by first
class mail to each residential transaction privilege tax licensee that is
licensed with the department and to the address of each residential rental
property that there is a new or increased rate of tax at least sixty days
before the effective date of the new or increased rate of tax.
C. This section does not apply with respect to health care facilities, long-term care facilities or hotel, motel or other transient lodging businesses.
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.
