# Arizona SB 1543: homestead exemption; equity increase

Arizona SB 1543, homestead exemption; equity increase, is a Fifty-seventh Legislature - First Regular Session Senate bill sponsored by Frank Carroll (Republican); status signed, last action 2025-04-15 (Final Reading: Passed); PRIA reads it as touching household money (as of 2026-10-27).

- Canonical: https://policyrisk.com/state-bill/AZ-SB1543-57th-1st-regular
- As of: 2026-10-27
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Arizona SB 1543
- State: Arizona
- Session: Fifty-seventh Legislature - First Regular Session
- Title: homestead exemption; equity increase
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-10
- Last action: 2025-04-15, Final Reading: Passed
- Sponsor: Frank Carroll (Republican)
- Cosponsors: 0
- Subjects: ancillary use (h), annual adjustment, applicability, cities and towns - title 9 (h), equity increase, homestead and personal property exemption, homestead exemption, homestead exemptions, hotel use (h), international headquarters campus (h), legislative findings (h), multifamily residential housing (h), municipal planning (h), persons entitled to hold homesteads, property - title 33, repeal, repealing, severability (h), strike everything amendment (h)
- Touches household money: yes
- Roll calls: 8 (123 yes, 71 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Bankruptcy protects home value gains: benefit, high. 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.
- Closing values can guide home equity: benefit, low. 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.
- Refinance cash loses home protection: cost, medium. Identifiable cash from refinancing a homestead does not receive the homestead exemption’s protection. The amount affected depends on the homeowner’s circumstances.

## Sponsors and cosponsors

- Sponsor: Frank Carroll (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-15 | Senate | CONCUR: Passed | fail |   |   |   |
| 2025-04-15 | Senate | FINAL: Passed | pass | 17 | 13 |   |
| 2025-04-10 | Senate | THIRD: Passed | pass | 40 | 19 |   |
| 2025-04-09 | Senate | MOTION: failed to pass | fail | 16 | 39 |   |
| 2025-04-01 | Senate | C&P | pass | 7 | 0 |   |
| 2025-03-26 | Senate | DPA/SE | pass | 8 | 0 |   |
| 2025-02-26 | Senate | THIRD: Passed | pass | 28 | 0 |   |
| 2025-02-10 | Senate | DP | pass | 7 | 0 |   |

## Actions (13)

- 2025-04-15: Final Reading: Passed (Senate)
- 2025-04-15: Concurrence: Passed (Senate)
- 2025-04-10: Third Reading: Passed (Senate)
- 2025-04-09: COW Motion to Amend: failed to pass (Senate)
- 2025-04-09: Committee of the Whole: do pass amended (Senate)
- 2025-04-07: Committee of the Whole: Retained on the Calendar (Senate)
- 2025-04-01: undefined: C&P (Senate)
- 2025-03-26: undefined: DPA/SE (Senate)
- 2025-03-19: undefined: W/D (Senate)
- 2025-02-26: Third Reading: Passed (Senate)
- 2025-02-25: Committee of the Whole: do pass amended (Senate)
- 2025-02-17: undefined: PFC (Senate)
- 2025-02-10: undefined: DP (Senate)

## Bill text

- Chaptered Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/laws/0074.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/529690)
- House Engrossed Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/bills/SB1543H.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/529175)
- Introduced Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/bills/SB1543P.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/522689)
- Senate Engrossed Version: [HTML](https://www.azleg.gov/legtext/57leg/1R/bills/SB1543S.htm), [PDF](https://apps.azleg.gov/BillStatus/GetDocumentPdf/525927)

## Related bills

- SB 1496: tax credit; qualifying charitable organizations (signed)
- SB 1281: adjutant general; duties (signed)
- HB 2015: EORP; CORP; funded ratio (signed)
- HB 2077: ASRS; long-term disability (signed)
- HB 2034: ASRS; supplemental employee deferral plan (signed)
- HB 2036: ASRS; temporary personnel service (signed)

## Sources
- [Chaptered Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/laws/0074.htm)
- [Chaptered Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/529690)
- [House Engrossed Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/bills/SB1543H.htm)
- [House Engrossed Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/529175)
- [Introduced Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/bills/SB1543P.htm)
- [Introduced Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/522689)
- [Senate Engrossed Version (HTML)](https://www.azleg.gov/legtext/57leg/1R/bills/SB1543S.htm)
- [Senate Engrossed Version (PDF)](https://apps.azleg.gov/BillStatus/GetDocumentPdf/525927)

## Related
- [SB 1496: tax credit; qualifying charitable organizations](https://policyrisk.com/state-bill/AZ-SB1496-57th-1st-regular)
- [SB 1281: adjutant general; duties](https://policyrisk.com/state-bill/AZ-SB1281-57th-1st-regular)
- [HB 2015: EORP; CORP; funded ratio](https://policyrisk.com/state-bill/AZ-HB2015-57th-1st-regular)
- [HB 2077: ASRS; long-term disability](https://policyrisk.com/state-bill/AZ-HB2077-57th-1st-regular)
- [HB 2034: ASRS; supplemental employee deferral plan](https://policyrisk.com/state-bill/AZ-HB2034-57th-1st-regular)
- [HB 2036: ASRS; temporary personnel service](https://policyrisk.com/state-bill/AZ-HB2036-57th-1st-regular)
- [Arizona bills](https://policyrisk.com/states/arizona/bills)
- [Arizona state hub](https://policyrisk.com/states/arizona)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/AZ-SB1543-57th-1st-regular (as of 2026-10-27).