Arizona State Senate Committee on Finance and Commerce Minutes (February 5, 2024)

Summary

Minutes of the Arizona State Senate Committee on Finance and Commerce for February 5, 2024, in Room SHR, with Senator Mesnard as Chairman and Senator Bolick as Vice-Chairman. The attendance table lists dispositions for the bills considered. The minutes record that SB 1213, on income tax, credit and labor costs, received a DO PASS recommendation by a roll call vote of 4-3-0, and that SB 1455, on a public school tax credit, received DO PASS by a roll call vote of 6-0-1. SB 1218, on exclusive agreements and residential property sales, received DO PASS AMENDED, with a roll call vote of 7-0-0 on the bill as amended.

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“Arizona State Senate Committee on Finance and Commerce Minutes (February 5, 2024).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-02-05-finance-and-commerce-minutes-4ffeee4592/, SHA-256 0baa21cd2b469930a98e2be679a117484f7daf348b5a50146749ebeed1c0b485.

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ARIZONA STATE SENATE
56TH LEGISLATURE
SECOND REGULAR SESSION

MINUTES OF COMMITTEE ON FINANCE AND COMMERCE

DATE: February 5, 2024 TIME: 2:00 P.M. ROOM: SHR 109

CHAIRMAN: Senator J.D. Mesnard VICE-CHAIRMAN: Senator Shawnna Bolick

ANALYST: Molly Graver

ATTENDANCE BILLS

Committee Members Pr Ab Ex Bill Number Disposition
Senator Alston X SB 1053 DP
Senator Epstein X SB 1112 DP
Senator Fernandez X SB 1213 DP
Senator Gowan X SB 1218 DPA
Senator Shamp X SB 1260 DPA
Senator Bolick, Vice-Chairman X SB 1270 DP
Senator Mesnard, Chairman X SB 1271 DP
SB 1291 DP
SB 1296 DP
SB 1358 DP
SB 1366 DP
SB 1455 DP
SB 1495 DP
SB 1496 DP
SB 1556 HELD
SB 1639 DP

Members of the public may access a livestream of the meeting here:
https://www.azleg.gov/videoplayer/?clientID=6361162879&eventID=2024021009
Chairman Mesnard called the meeting to order at 2:53 p.m. and attendance was noted.

APPROVAL OF MINUTES

Senator Mesnard stated that without objection, the minutes of January 22, 2024 and January 29, 2024
were approved as distributed.

Senator Mesnard offered opening comments.

CONSIDERATION OF BILLS

SB 1556 – TPT; administration; remote sellers - HELD

Senator Mesnard announced that SB 1556 would be HELD.

SB 1213 – income tax; credit; labor costs - DO PASS

Jeff Christophersen, Finance and Commerce Research Intern, explained SB 1213.

Senator Rogers, bill sponsor, further explained SB 1213 and answered questions posed by the
Committee.

Mr. Christophersen answered questions posed by the Committee.

Joe Galli, Greater Flagstaff Chamber of Commerce, offered comments in support of SB 1213
and answered questions posed by the Committee.

The Committee offered comments.

Nick Ponder, League of Arizona Cities and Towns, answered questions posed by the
Committee.

Keaton Hill, Arizona Construction and Trade Council, offered comments in opposition to SB 1213
and answered questions posed by the Committee.

The Committee offered comments.

Senator Bolick moved that SB 1213 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 4-3-0 (Attachment 1).

Senators Epstein, Fernandez, Gowan and Shamp explained their votes.

Committee on Finance and Commerce
2 February 5, 2024
SB 1455 – public school tax credit; purposes - DO PASS

Molly Graver, Finance and Commerce Research Analyst, explained SB 1455.

Senator Bennett, bill sponsor, further explained SB 1455.

Dr. Janelle Danskey, Principal, Arcadia High School, offered comments in support of SB 1455
and answered questions posed by the Committee.

Alexis Susdorf, Greater Phoenix Educational Management Council, Scottsdale Unified
School District, answered questions posed by the Committee.

Rebecca Beebe, Education Finance Reform Group, offered comments in support of SB 1455.

Senator Bolick moved that SB 1455 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 6-0-1 (Attachment 2).

Senator Epstein explained her vote.

SB 1112 – planning; home design; restrictions; prohibition. - DO PASS

Jason Theodorou, Government Committee Analyst, explained SB 1112.

Jake Hinman, Arizona Neighborhood Project, offered comments in support of SB 1112.

Senator Borrelli, bill sponsor, further explained SB 1112 and answered questions posed by the
Committee.

Mr. Hindman answered questions posed by the Committee.

Nick Ponder, League of Arizona Cities and Towns, offered comments in opposition to SB 1112
and answered questions posed by the Committee.

Spencer Kamps, Home Builders Association of Central Arizona, offered comments in support
of SB 1112 and answered questions posed by the Committee.

Senator Bolick moved that SB 1112 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 5-2-0 (Attachment 3).

Senators Epstein, Fernandez and Bolick explained their votes.

Committee on Finance and Commerce
3 February 5, 2024
SB 1218 – exclusive agreements; residential property sales – DO PASS AMENDED

Alanna Bendel, Finance and Commerce Research Assistant Analyst, explained SB 1218
and the 2-line Mesnard amendment to SB 1218 dated 2/2/2024 at 1:38 p.m. (Attachment A).

Senator Kavanagh, bill sponsor, further explained SB 1218.

Jim Knupp, Arizona Department of Real Estate, offered comments on SB 1218.

Senator Bolick moved that SB 1218 receive a DO PASS recommendation.

Senator Bolick moved the 2-line Mesnard amendment to SB 1218 dated 2/2/2024 at
1:38 p.m. (Attachment A) be ADOPTED. The motion CARRIED by voice vote.

Senator Bolick moved that SB 1218 AS AMENDED receive a DO PASS
recommendation. The motion CARRIED with a roll call vote of 7-0-0 (Attachment 4).

SB 1053 – metal theft study committee - DO PASS

Jeff Christophersen, Finance and Commerce Research Intern, explained SB 1053.

Senator Carroll, bill sponsor, further explained SB 1053.

Brittany Bingold, Arizona Scrap Recyclers Association, offered comments in support of SB 1053.

Senator Gowan moved that SB 1053 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 6-0-1 (Attachment 5).

SB 1639 – gold; silver; currency; study committee - DO PASS

Alanna Bendel, Finance and Commerce Research Assistant Analyst, explained SB 1639.

Senator Carroll, bill sponsor, further explained SB 1639 and answered questions posed by
Committee.

Senator Gowan moved that SB 1639 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 4-2-1 (Attachment 6).

Senators Epstein and Gowan explained their votes.

SB 1260 – dog racing; simulcast wagering; prohibition - DO PASS AMENDED

Molly Graver, Finance and Commerce Research Analyst, explained SB 1260 and the 2-page
Mesnard amendment to SB 1260 dated 2/1/2024 at 5:48 p.m. (Attachment B).

Stuart Goodman, Grey2K USA Worldwide, offered comments in support of SB 1260 and
answered questions posed by the Committee.

Committee on Finance and Commerce
4 February 5, 2024
Rory Goree, former Commissioner, Arizona Racing Commission, offered comments in
support of SB 1260 and answered questions posed by the Committee.

Senator Fernandez offered comments.

Senator Bolick moved that SB 1260 receive a DO PASS recommendation.

Senator Bolick moved the 2-page Mesnard amendment to SB 1260 dated 2/1/2024
at 5:48 p.m. (Attachment B) be ADOPTED. The motion CARRIED by voice vote.

Senator Bolick moved that SB 1260 AS AMENDED receive a DO PASS
recommendation. The motion CARRIED with a roll call vote of 7-0-0 (Attachment 7).

Senators Gowan, Shamp and Bolick explained their votes.

SB 1496 – property tax exemptions; inflation adjustment - DO PASS

Molly Graver, Finance and Commerce Research Analyst, explained SB 1496.

Megan Kintner, Arizona Association of Counties, offered comments in support of SB 1496.

Armando Ruiz, Coconino County Assessor, offered comments in support of SB 1496.

Eddie Cook, Maricopa County Assessor, offered comments in support of SB 1496.

Senator Bolick moved that SB 1496 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 7-0-0 (Attachment 8).

SB 1495 – personal property exemption; increase - DO PASS

Molly Graver, Finance and Commerce Research Analyst, explained SB 1495 and answered
questions posed by the Committee.

Jennifer Stielow, Arizona Tax Research Association, answered questions posed by the
Committee and offered comments in support of SB 1495.

Chad Heinrich, National Federation of Independent Business, offered comments in support
of SB 1495 and answered questions posed by the Committee.

The Committee offered comments.

Mr. Heinrich offered additional comments.

Ben Scheel, Opportunity Arizona, offered comments in opposition to SB 1495.

Ruthee Goldkorn, representing self, offered comments in opposition to SB 1495 and
answered questions posed by the Committee.

Committee on Finance and Commerce
5 February 5, 2024
Kerry Jackson, representing self, offered comments in opposition to SB 1495 and answered
questions posed by the Committee.

Senator Bolick moved that SB 1495 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 4-2-1 (Attachment 9).

Senators Epstein, Gowan, Shamp and Mesnard explained their votes.

SB 1296 – credit unions; formation; loans; membership - DO PASS

Alanna Bendel, Finance and Commerce Research Assistant Analyst, explained SB 1296.

Austin De Bey, GoWest Credit Union Association, offered comments in support of SB 1296.

Senator Bolick moved that SB 1296 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 6-0-1 (Attachment 10).

SB 1358 – income tax withholding; retirement distributions - DO PASS

Molly Graver, Finance and Commerce Research Analyst, explained SB 1358.

Matthew Benson, Financial Planning Association of Arizona, offered comments in support
of SB 1358 and answered questions posed by the Committee.

Molly Murphy, Department of Revenue, offered comments in support of SB 1358.

Senator Bolick moved that SB 1358 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 5-0-2 (Attachment 11).

SB 1270 – reciprocal deposits; escrow agents; definitions - DO PASS

Jeff Christophersen, Finance and Commerce Research Intern, explained SB 1270.

Jay Kaprosy, Arizona Bankers Association, offered comments in support of SB 1270.

Senator Bolick moved that SB 1270 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 5-0-2 (Attachment 12).

SB 1271 – rental-purchase property; electronic disclosures - DO PASS

Jeff Christophersen, Finance and Commerce Research Intern, explained SB 1271.

Jason Barraza, Veridus, Progressive Leasing, offered comments in support of SB 1271.

Senator Bolick moved that SB 1271 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 6-0-1 (Attachment 13).

Committee on Finance and Commerce
6 February 5, 2024
SB 1291 – residential contractor assessments; recovery fund - DO PASS

Jeff Christophersen, Finance and Commerce Research Assistant Intern, explained SB 1291.

Senator Hoffman, bill sponsor, further explained SB 1291.

Tom Cole, Executive Deputy Director, Arizona Registrar of Contractors, offered comments
on SB 1291 and answered questions posed by the Committee.

Senator Bolick moved that SB 1291 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 4-2-1 (Attachment 14).

SB 1366 – regulatory sandbox; blockchain - DO PASS

Alanna Bendel, Finance and Commerce Research Assistant Analyst, explained SB 1366.

Senator Bolick, bill sponsor, further explained SB 1366.

David Morris, Americans for Prosperity Arizona, offered comments in support of SB 1366.

Senator Bolick answered questions posed by the Committee.

Senator Epstein offered comments.

Senator Bolick moved that SB 1366 receive a DO PASS recommendation. The
motion CARRIED with a roll call vote of 5-1-1 (Attachment 15).

Attached is a list noting the individuals who registered their positions on the legislation (Attachment C).

Attached is a form noting the individual who submitted a speaker slip on the legislation (Attachment D).

There being no further business, the meeting was adjourned at 5:59 p.m.

Respectfully submitted,

Brigid Fitzgerald
Committee Secretary

(Audio recordings and attachments are on file in the Secretary of the Senate’s Office/Resource Center, Room 115. Audio
archives are available at http://www.azleg.gov)

Committee on Finance and Commerce
7 February 5, 2024

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