Tax reduction fund; renewable energy

Also relevant to:Homeowner

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Plain-English Summary

This bill creates a fund in Arizona counties to reduce residential property taxes for homes near large solar or wind energy facilities. Fifty percent of the property tax revenue from the decrease in a home's value after a facility is built will go into this fund. The county treasurer will then distribute this money to eligible homeowners within a certain distance of the facility, using a method approved by the board of supervisors.

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