48-242

48-242. Voluntary contributions of district
revenues; method of determining valuations; properties included;
credits against gross payment; time of payment

A. In the exercise of the powers granted them by law, districts, acting through
their respective boards of directors, shall have the additional power to make voluntary
contributions of money to the state of Arizona and to any county, city, town, school
district or other political subdivision for which property taxes are levied and in which
district properties or facilities are located in accordance with the provisions of this
section.

B. Each district electing to make voluntary contributions shall, on or before the
first day of April of each year, notify the county assessor of the county in which such
properties are located of its election to make a contribution under this article. The
department of revenue shall determine the full cash value of all of the properties
related to the generation, transmission and distribution of electric energy of such
district within the state utilizing as nearly as practicable the same procedures and
methods of determining the full cash value as are applied to properties of like character
and devoted to the same use. The department of revenue shall, on or before the third
Monday in June, transmit to the several boards of supervisors such determination. The
county assessor of each county where district electric facilities are located, with such
assistance as may be required from the department of revenue and the district, shall on
or before the third Monday in August of each year compute the gross contribution to be
made, based upon the valuation determined by the department of revenue and the method of
assessment applied in assessing ad valorem taxes of properties of like character and
devoted to the same use in such county for the current taxable year.

C. There shall be deducted from the statewide gross contribution of the district
the following:

1. That portion of the contribution related to plant for pumping.

2. Ten thousand dollars.

3. Any tax or assessment paid to the state of Arizona or any political subdivision
thereof during the preceding calendar year other than transaction privilege taxes,
highway taxes, unemployment taxes, equipment weight fees, improvement district
assessments and any other taxes paid by the district.

4. The annual average of the total water costs devoted to municipal use during the
latest three calendar years.

The district shall submit to the county assessor of each county where district electric
facilities are located on or before May 1 of every year factors necessary to compute each
county's proportion of the total deductions provided for herein. The district shall also
submit to the department of revenue on or before May 1 of every year such information as
may be necessary to enable the department of revenue to verify the factors necessary to
compute the total deductions provided for herein. On or before July 15 the department of
revenue shall submit to the county assessors its calculation of such factors, with the
methods of computing such factors, and such factors shall be utilized by the county
assessors.

D. The county assessor shall, at the time he submits to the board of supervisors
the assessment roll, and with such assistance as may be required from the department of
revenue, the district, the county superintendent of schools and other political
subdivisions, also submit to such board his estimate of the net contributions which will
be received by the county treasurer during the ensuing fiscal year. The county assessor
shall supply to the county superintendent of schools and other political subdivisions
information concerning such estimate of net contributions needed in the preparation of
county school district and other political subdivisions' budgets. The values used to
determine net contributions shall not be included in the publication of net assessed
values pursuant to sections 42-17052 and 42-17151.

E. One-half of such contribution shall be paid to the county treasurer of the
county in which such property is located, on the first Monday in November of each year,
and one-half thereof on the first Monday of May of the succeeding year.