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.
