Bill Text: AZ HB2801 | 2012 | Fiftieth Legislature 2nd Regular | Chaptered

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Bill Title: Property tax bills; payment; interest

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2012-03-29 - Governor Signed [HB2801 Detail]

Download: Arizona-2012-HB2801-Chaptered.html

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House Engrossed

 

 

 

 

State of Arizona

House of Representatives

Fiftieth Legislature

Second Regular Session

2012

 

 

 

CHAPTER 130

 

HOUSE BILL 2801

 

 

AN ACT

 

Amending section 42-18053, Arizona Revised Statutes; relating to property tax payment.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Section 42-18053, Arizona Revised Statutes, is amended to read:

START_STATUTE42-18053.  Interest on delinquent taxes; exception

A.  Except as provided in subsection B of this section, all taxes bear interest from the time of delinquency at the rate of sixteen per cent per year simple until paid.  A fraction of a month is counted as a whole month.

B.  Interest shall not be collected:

1.  If the delinquency is the result of an error by the county assessor or county treasurer.

2.  If the full year tax for the year is paid on or before December 31 of the tax year.  This paragraph applies regardless of whether payment of tax is due pursuant to section 42-18052, subsections A and B, or subsection C for an amount of tax one hundred dollars or less. END_STATUTE

 

 

 

 

 

APPROVED BY THE GOVERNOR MARCH 29, 2012.

 

FILED IN THE OFFICE OF THE SECRETARY OF STATE MARCH 29, 2012.