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ArizonaSB 1540Fifty-seventh Legislature - First Regular SessionSenateWALLET

personal property exemptions; vehicles

Sponsored By: Frank Carroll (Republican)

Signed by Governor

annual adjustmentapplicability (h)exemption (h)homestead (h)homestead and personal property exemptionhomestead exemptionspersonal property (h)personal property exemption (h)personal property exemptionspersons entitled to hold homesteadsproperty - title 33repealrepealingstrike everything amendment (h)vehicles

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

More home types get homestead protection

Arizona residents age 18 or older can claim protection for one home where they live. Eligible homes include houses, condos or co-ops, and listed shelters such as mobile homes, trailers, motor homes, or houseboats, along with the land where the shelter is located. The exemption covers up to $400,000 in value, with annual cost-of-living adjustments starting January 1, 2024. A person or married couple can claim only one homestead; a couple who divorces cannot claim more than $400,000 for that residence.

Less protection for refinance cash

Identifiable cash from refinancing a homestead is not protected by the exemption. Identifiable cash from a voluntary or involuntary sale stays protected for 18 months, or until you establish a new homestead with the money, whichever comes first. For a sale or refinance, the parties may use the value in the final closing disclosure to calculate equity or cash back. They do not have to use that value.

Sponsors & Cosponsors

Sponsor

  • Frank Carroll

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 135 • No: 3

Senate vote • 4/29/2025

CONCUR: Passed

Yes: 0 • No: 0

Senate vote • 4/29/2025

FINAL: Passed

Yes: 26 • No: 3

Senate vote • 4/14/2025

THIRD: Passed

Yes: 55 • No: 0

Senate vote • 3/24/2025

C&P

Yes: 8 • No: 0

Senate vote • 3/18/2025

DPA/SE

Yes: 10 • No: 0

Senate vote • 2/27/2025

THIRD: Passed

Yes: 29 • No: 0

Senate vote • 2/10/2025

DP

Yes: 7 • No: 0

Actions Timeline

  1. Final Reading: Passed

    4/29/2025Senate

  2. Concurrence: Passed

    4/29/2025Senate

  3. Third Reading: Passed

    4/14/2025Senate

  4. Committee of the Whole: do pass amended

    3/27/2025Senate

  5. undefined: C&P

    3/24/2025Senate

  6. undefined: DPA/SE

    3/18/2025Senate

  7. Third Reading: Passed

    2/27/2025Senate

  8. undefined: PFC

    2/17/2025Senate

  9. undefined: DP

    2/10/2025Senate

Bill Text

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