November 22, 2024 10:02 pm
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Arizona House rejects bill to help investor lower fee

Wayne Howard

Wayne HowardBy Robert Anglen | The Republic | azcentral.com

The Arizona House of Representatives rejected legislation Wednesday that county treasurers say was written to help a wealthy investor avoid a $146,100 administrative fee.

Senate Bill 1071, which would cap how much counties can charge for recording certain property deeds, was defeated in the House on a 30-28 vote.

The bill, sponsored by Sen. Steve Smith, R-Maricopa, was supposed to protect future buyers of tax liens from excessive fees by capping an individual’s bill at $500.

But the Pinal County treasurer said the bill was crafted specifically to benefit Phoenix lawyer and real-estate investor , who faced a $146,100 fee for recording 2,922 property deeds.

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