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Committee advances requirement for ADOR to report nonresident real-estate revenue to presiding officers
Summary
Senate Bill 1049 was returned with a do-pass recommendation after an amendment that made reporting annual; the bill directs the Arizona Department of Revenue to report estimated capital-gains tax paid by nonresidents on Arizona real-estate sales to legislative leaders and the governor's budget office.
Senate Bill 1049, advanced by the Senate Finance Committee on Jan. 24, requires the Arizona Department of Revenue (ADOR) to report annually to the presiding officers of the Legislature and to the governor's Office of Strategic Planning and Budgeting on estimated capital-gains tax paid by nonresidents on Arizona real-estate transactions. An amendment accepted in committee removed a threshold-trigger notification provision and made the reporting an annual requirement rather than a one-time report.
Sponsor testimony described the measure as an enforcement and information tool intended to identify capital gains from out‑of‑state sellers that may not be fully reported to Arizona. The sponsor said ADOR is working on technical solutions because the federal form currently in use does not always provide a clear state-level reporting path. Committee members asked whether the report should be routed only to presiding officers or to a broader legislative audience; the sponsor said the bill routes it to the senate president and speaker but committee members requested follow-up discussions about broader distribution and how ADOR would obtain the data.
After discussion the committee adopted the amendment and returned SB 1049 with a do-pass recommendation by a 4–3 vote.
