SB 1049 Arizona Senate · 57th Legislature - First Regular Session

nonresident real estate sales; notice

SB 1049 requires escrow agents handling Arizona real estate sales to file annual federal-style tax reports (using IRS Form 6045(e)) by March 31 each year, covering transactions involving nonresident sellers. This directly affects nonresident property sellers in Arizona, as their transactions must be reported through escrow agents. The Arizona Department of Revenue must annually estimate and report to lawmakers the revenue collected from nonresident real estate sales by June 30, and develop compliance recommendations by December 2026. The bill expires on December 31, 2027, with a final report due in June 2027.

Issues: ✓ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Jan 2025

Committee Review

Senate Passage

Feb 2025

House Passage

Governor

Introduced Jan 10, 2025 Last action Mar 17, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced Version → Senate Engrossed Version · 4 edits · Feb 26, 2025

MODERATE

The bill was reformatted from an introduced version to a Senate engrossed version, with substantive policy additions including a new requirement for the Department of Revenue to collaborate with stakeholders by December 31, 2026, to develop compliance recommendations and identify best practices for enforcing nonresident capital gains tax collection. The bill also extends a reporting deadline from 2020 to 2027 and adds a delayed repeal provision that will remove these new requirements after December 31, 2027.

Scope change

The bill's scope expanded to include new administrative requirements for the Department of Revenue regarding stakeholder collaboration and compliance recommendations, while maintaining the original requirements for escrow agents to file information returns.

REQUIREMENT

New requirement for Department of Revenue to collaborate with stakeholders by December 31, 2026, to develop compliance recommendations and identify best practices for enforcing nonresident capital gains tax collection.

TIMELINE

Extended reporting deadline from June 30, 2020 to June 30, 2027 for estimated capital gains tax reporting.

Added delayed repeal provision that removes new requirements after December 31, 2027.

TECHNICAL

Reformatted bill from introduced version to Senate engrossed version with updated header information and legislative session details.

Floor votes · Senate Feb 26, 2025

How they voted

20–7

Passed · 3 other

Total votes 30

Feb 26, 2025

D Democratic13

3 Yea 7 Nay 3

53% Nay

R Republican17

17 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Feb 26, 2025

Upper · Passed

PASSED

upper

Feb 13, 2025

Upper · Passed

DPA

upper

Jan 27, 2025

Upper · Passed

DPA

upper

1 primary · 0 co-sponsors