AZ SB1471

Establishes a nonresident real estate sales tax with $5,000,000 deposited to the state general fund, $2,000,000 to the seriously mentally ill housing trust fund, and remaining amounts to the general housing trust fund.

Allows up to $10,000,000 annually from nonresident real estate sales tax to be used exclusively for capital projects, housing, rental assistance, and services for homeless youth and families.

Expands use of seriously mentally ill housing trust fund to support community living homes and behavioral health residential facilities with embedded support services, in addition to traditional housing projects.

Requires escrow agents to file information returns with the state regarding sales of real property located in Arizona by March 31 of the following year, using the same format as federal IRS reporting requirements.

Directs the Arizona Health Care Cost Containment System to commission a 12-month study measuring outcomes and costs of seriously mentally ill residents in different residential settings.