AZ SB1033

Prohibits cities, towns, and special taxing districts from levying transaction privilege, sales, use, or similar taxes on bona fide nonbusiness sales of residential property by individuals or qualified trusts

Qualifying sales require the property to be used as the seller's primary or vacation residence for six months before listing, with sellers limited to two such sales within the preceding 36 months

Sellers cannot have licensed, leased, or rented the property within 24 months before offering it for sale

Construction contracting for improvements to a primary residence remains taxable, and tangible personal property purchased for residential construction, alteration, or repair is subject to retail sales tax

Applies retroactively to qualifying residential property sales occurring after December 31, 2022