HB 2014 “Legal Tender Exchange; Tax Effect” Signed

HB 2014 “Legal Tender Exchange; Tax Effect” Signed

On May 10, just two days prior to the end of the first session of the 53rd Arizona Legislature, House Bill 2014 was transmitted to the Governor.  Today he signed the bill that finally treats the exchange of one type of American currency for another as an exchange and not a sale.  In a statement earlier today, I reminded constituents that, “We don’t buy one kind of money with another kind, we exchange currency, one species for another.

Current law, A.R.S. § 43-1001 states that “Arizona …

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HB 2173 and “Legal Tender”

HB 2173 and “Legal Tender”

HB 2173 has passed from the Arizona House of Representatives and to the Senate and quickly made its way through the Banking and Rules Committees. I’ve been asked by several constituents to explain why we need this piece of legislation, and what does it mean.

I may seem odd to hear a REALTOR say there is no such thing as “appreciation”, but think about it this way. If you bought a home in 1985 for $150,000 and sold it in 2015 for $300,000 did it really …

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52 nd Legislature Mid-Point Update

52 nd Legislature Mid-Point Update

As the 52nd Session of the Arizona Legislature opened on January 12th, 2015 we were faced with a budget deficit of over $1.1 Billion, a State Constitutional requirement balance the Arizona budget, a Voter mandate to repeal & replace Common Core, improve border security & public safety, and refurbish our Infrastructure. Each of these is a component to attracting well paying JOB CREATORS who will through their employment of our residents help them create wealth, sustain an enjoyable standard of living and have something to …

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