Arizona § 43-312 Information return of sales; nonresident real estate transactions; escrow agents; reports

Arizona Statutes

§ 43-312 — Information return of sales; nonresident real estate transactions; escrow agents; reports

Arizona § 43-312

Title 43Arizona Revised Statutes

Ch. 3RETURNS

Art. 1Taxpayers Required to File Returns

This text of Arizona § 43-312 (Information return of sales; nonresident real estate transactions; escrow agents; reports) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 43-312 (2026).

Text

A.A person licensed under section 6-813 to conduct escrow business for the purchase and sale of real property located in this state shall file an information return of sales of real property located in this state that are reported pursuant to federal reporting requirements under section 6045(e) of the internal revenue code. The person shall file the information return required by this subsection:

1.On or before the thirty-first day of March with respect to sales of real property located in this state that are closed on or before December 31 of the preceding calendar year.

2.Using the same form and format of the return filed with the internal revenue service under section 6045(e) of the internal revenue code.

B.On or before June 30, 2020, the department shall report to the joint legi

Free access — add to your briefcase to read the full text and ask questions with AI

A. A person licensed under section 6-813 to conduct escrow business for the purchase and sale of real property located in this state shall file an information return of sales of real property located in this state that are reported pursuant to federal reporting requirements under section 6045(e) of the internal revenue code. The person shall file the information return required by this subsection:

1. On or before the thirty-first day of March with respect to sales of real property located in this state that are closed on or before December 31 of the preceding calendar year.

2. Using the same form and format of the return filed with the internal revenue service under section 6045(e) of the internal revenue code.

B. On or before June 30, 2020, the department shall report to the joint legislative budget committee and the governor's office of strategic planning and budgeting on the estimated amount of capital gains tax paid by nonresidents of this state on real estate transactions in this state from the most recent year before tax year 2019 based on available data from the internal revenue service. On or before June 30 of each year, the department shall estimate and report to the joint legislative budget committee and the governor's office of strategic planning and budgeting on the amount of revenue collected from the sale of real estate by nonresidents that is attributed to the information return prescribed by this section in the prior tax year.