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Representative Lucy Mason has sponsored HB2611: HOAs; Real Estate Signs. If passed, this bill would undo the provisions that SB1062 made to allow homeowners to market their properties. It would allow each individual HOA to regulate and dictate the size, content, height, color, etc. of for sale signs within their own communities. To read this bill in its entirety, click here.  ...
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HB 2310exempt wells; active management areas  s Existing law – Exempt wells (35 gpm or less) §Pre-1983 wells – can pump 56 AF/yr for nonirrigation purposes §Post-1983 wells – pumping for nonirrigation uses other than domestic and stock cannot exceed 10 AF/yrsProposed change – As of 2010, pumping from all exempt wells in the AMAs is limited to 4 AF/yr sIssues§A.R.S. 45-454.L. precluded people making exempt withdrawals ...
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HB 2144land divisions; water requirements     sCurrent law – Assured water supply must exist before a city of county allows land to be subdivided into 6 or more lots. sProposed change – AWS must exist before a city or county allows land to be divided into 5 or fewer lots.  This change would also extend to rural cities/counties that require an adequate water supply in order to subdivide. sThe Groundwater Code (Title 45) only requires an assured water supply for subdivisions of six or more lots.  Extensive revisions to the Groundwater Code and the assured water supply rules would be required to i ...
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This bill makes changes to the definitions section of statutes relating to county land divisions in ARS 11.   To read this bill in its entirety, click here. ...
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HB 2141 requires real estate brokers or sales persons to provide a notice of the water supply status when advertising, promoting or selling a residential real property. HistoryCurrently, according to the Water Adequacy Program as established in A.R.S. §45-108, subdivision developers are required to obtain a determination from the state regarding the availability and quality of water supplies before marketing lots.  This law applies to new subdivisions located outside of Active Management Areas (AMAs). Subdivision developers may obtain a determination by applying to the Arizona Department of Water Resources (ADWR) for a water adequacy report.  If the water supply is o ...
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This year, two bills have been dropped so far that deal with loan originator licensing.  The first, sponsored by Rep. Konopnicki, is HB 2349: Loan Originator Licensing: Beginning January 1, 2010, loan originators (defined) shall be licensed and regulated by statute. Makes numerous other changes to statutes related to licensing of mortgage brokers, including requiring brokers and other licensees who employ loan originators to complete continuing education units. Makes an appropriation (blank in original) from the Dept of Financial Institutions Receivership Revolving Fund in fiscal 2008-2009 to implement the act by establishing a loan originator program within the Department of Financial ...
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HCR2053: INCOME TAX REPEAL; TAX SIMPLIFICATIONThe 2008 general election ballot is to carry the question of whether to amend the state Constitution to repeal and replace income tax statutes with provisions for a sales tax (at a rate left blank in original) applicable to all transactions, including sales and services, "from production, manufacturing, wholesale or retail or from transactions involving real or personal, tangible or intangible, choate or inchoate property or rights to property." Also establishes a new percentage rate (left blank in the original) to determine the distribution base (which is the part of sale taxes revenue that is distributed to local governments). An inte ...
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2008 AAR Legislative Agenda  HOA For Sale Sign Continuation – AAR may seek further statutory protections for sellers whose HOA restrict common marketing practices such as a for sale sign.    Association Membership Health Plans - AAR will seek, if necessary, clarifying language to Arizona statutes to allow the association to offer group health plans to lower our member’s insurance premiums.    Clean Air - As a result of the Phoenix Metropolitan Area poor air quality and violation status with the EPA, AAR continues to attend meetings at the Arizona Legislature regarding fugitive dust and what the next steps may be at the legislature.  &n ...
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The Mortgage Forgiveness Act of 2007 was signed into law last week sparing homeowners the tax burden associated with canceled mortgage debt.Prior to this action, forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure, was considered taxable income. The new law, however, temporarily waives these taxes for debts forgiven (as high as 35%) from the beginning of 2007 to the end of 2009. The bill also extends the tax deduction for mortgage insurance premiums through 2014.The Mortgage Forgiveness Debt Relief Act of 2007 amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred ...
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