Establishes a property tax reduction fund for residential properties near renewable energy facilities in Arizona.

Arizona HB2915 creates a property tax reduction fund for residential properties located within a specified distance from renewable energy facilities. The fund is financed by 50% of the difference in assessed property values before and after the construction of the renewable energy facility. The county treasurer collects and administers the fund, distributing it to eligible residential property owners to reduce their annual property taxes.

Establishes a property tax reduction fund for residential properties near renewable energy facilities in Arizona.

Arizona HB2915 creates a property tax reduction fund for residential properties located within a specified distance from renewable energy facilities. The fund is financed by 50% of the difference in assessed property values before and after the construction of the renewable energy facility. The county treasurer collects and administers the fund, distributing it to eligible residential property owners to reduce their annual property taxes.