Senate Bill 1555 Summary

• Establishes a local minimum wage reimbursement system allowing the legislature to assess and collect costs from counties, cities, or towns that set minimum wages exceeding Arizona's state minimum wage, with collection mechanisms including state fund withholding.

• Amends tax provisions regarding multistate service providers to include credit and charge card receivable sales and expands eligibility to include support service providers to regionally accredited institutions of higher education with over 2,000 employees in Arizona.

• Creates a Public Safety Interoperability Fund administered by the Department of Administration for interoperable communication systems, subject to legislative appropriation.

• Requires escrow agents to file information returns for Arizona real estate sales and directs the Department of Revenue to report on estimated capital gains tax revenue from nonresident real estate transactions.

• Implements various fiscal year 2019-2020 revenue measures including a 0.5% regulatory assessment on pari-mutuel wagering by commercial racing permittees, continued agricultural fees, and suspends Department of Insurance fee adjustments.