PRIA Logo™
ArizonaSB 1543Fifty-seventh Legislature - First Regular SessionSenateWALLET

homestead exemption; equity increase

Sponsored By: Frank Carroll (Republican)

Signed by Governor

ancillary use (h)annual adjustmentapplicabilitycities and towns - title 9 (h)equity increasehomestead and personal property exemptionhomestead exemptionhomestead exemptionshotel use (h)international headquarters campus (h)legislative findings (h)multifamily residential housing (h)municipal planning (h)persons entitled to hold homesteadsproperty - title 33repealrepealingseverability (h)strike everything amendment (h)

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

Bankruptcy protects home value gains

For bankruptcy petitions filed after this law takes effect, the home’s value is measured on the filing date. If that value is within the applicable exemption limit, the home and any value increase during the case stay fully exempt. The limit includes annual adjustments.

Refinance cash loses home protection

Identifiable cash from refinancing a homestead does not receive the homestead exemption’s protection. The amount affected depends on the homeowner’s circumstances.

Closing values can guide home equity

When a homestead is sold or refinanced, the parties may use the value in the final closing disclosure to determine homestead equity or cash back. They are not required 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: 123 • No: 71

Senate vote • 4/15/2025

CONCUR: Passed

Yes: 0 • No: 0

Senate vote • 4/15/2025

FINAL: Passed

Yes: 17 • No: 13

Senate vote • 4/10/2025

THIRD: Passed

Yes: 40 • No: 19

Senate vote • 4/9/2025

MOTION: failed to pass

Yes: 16 • No: 39

Senate vote • 4/1/2025

C&P

Yes: 7 • No: 0

Senate vote • 3/26/2025

DPA/SE

Yes: 8 • No: 0

Senate vote • 2/26/2025

THIRD: Passed

Yes: 28 • No: 0

Senate vote • 2/10/2025

DP

Yes: 7 • No: 0

Actions Timeline

  1. Final Reading: Passed

    4/15/2025Senate

  2. Concurrence: Passed

    4/15/2025Senate

  3. Third Reading: Passed

    4/10/2025Senate

  4. COW Motion to Amend: failed to pass

    4/9/2025Senate

  5. Committee of the Whole: do pass amended

    4/9/2025Senate

  6. Committee of the Whole: Retained on the Calendar

    4/7/2025Senate

  7. undefined: C&P

    4/1/2025Senate

  8. undefined: DPA/SE

    3/26/2025Senate

  9. undefined: W/D

    3/19/2025Senate

  10. Third Reading: Passed

    2/26/2025Senate

  11. Committee of the Whole: do pass amended

    2/25/2025Senate

  12. undefined: PFC

    2/17/2025Senate

  13. undefined: DP

    2/10/2025Senate

Bill Text

Related Bills

Back to State Legislation