HB 2566 Summary

• Amends Arizona Revised Statutes section 44-1604 to prohibit cities, towns, or counties from imposing fees on transactions between dealers and sellers or consignors involving the purchase, trade, exchange, or receipt of precious items.

• Adds new section 44-1633 to prohibit cities, towns, or counties from imposing any fee on reportable transactions related to pawnbrokers.

• States legislative intent to promote deregulation and uniform standards within the pawnbroker and precious item dealer industries throughout Arizona.

• Aims to eliminate burdensome and potentially unconstitutional local taxes and fees on these transactions.

• Seeks to stimulate commerce and economic development by removing local transaction fee barriers.