AZ HB2281

Establishes that up to $10,000,000 annually from nonresident real property sales tax shall be deposited into the housing trust fund exclusively for capital projects, housing, rental assistance, and services for homeless youth and families.

Requires these homeless youth and family funds to supplement, not replace, existing funding from other sources, with excess monies above $10,000,000 available for other housing projects and programs.

Modifies section 42-1116 to direct nonresident real property sales tax revenues to the housing trust fund after $2,000,000 goes to the state general fund and administrative costs are covered.

Applies to taxable periods beginning January 1, 2024.