Bill would fund homeless programs by taxing out-of-state real estate investors

Sen. Sylvia Allen, R-Snowflake. Photo by Jerod MacDonald-Evoy | Arizona Mirror

By Jerod MacDonald-Evoy | AZMirror

A bill aimed at helping homeless youth, families and those with severe mental health issues by ensuring out-of-state real estate investors pay more taxes to the State of Arizona is poised to be considered by the House of Representatives.

Senate Bill 1471, sponsored by Sen. Sylvia Allen, R-Snowflake, would make certain taxes collected on sales of Arizona real estate by out-of-state investors go toward both the Housing Trust Fund and the Seriously Mentally Ill Housing Trust Fund. A portion would also go to the state’s general fund.

“I was told we needed to find the money,” Allen said before the House Ways and Means Committee March 27 when asked why she took this approach instead of trying to appropriate the funds as part of a larger budget process.

READ ON:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories