AZ HB2655

Amends Arizona's Private Property Rights Protection Act (A.R.S. § 12-1134) to require the state or political subdivisions to pay just compensation to property owners when land use laws enacted after property transfer reduce the property's fair market value.

Removes the exemption for land use laws required by federal law, making property owners eligible for compensation claims even when regulations stem from federal requirements.

Renumbers remaining exemptions (previously items 3-7 become items 3-6) for laws protecting public health/safety, addressing public nuisances, restricting sex offender housing and adult businesses, establishing utility locations, and those not directly regulating land.

Maintains existing procedural requirements including the 90-day deadline before owners can file suit, the three-year statute of limitations, and the burden on government to prove exemptions apply.

Requires approval by at least three-fourths of both chambers of the legislature to take effect, per Arizona Constitution Article IV, Part 1, Section 1.