WeVote
Log In

Bill

Bill

SB 1749

raffles; real property

57th Legislature - Second Regular Session Introduced by Shawnna Bolick

SB 1749 expands Arizona raffle laws to allow real property as prizes, enabling charities to fundraise with high-value assets while raising regulatory oversight and valuation concerns.

Senate Second Reading
0
WeVote Research Nonpartisan
Bill Summary · SB 1749

Legislative bill overview

SB 1749 proposes modifications to Arizona's raffle laws to permit the use of real property as raffle prizes. Currently, Arizona raffle regulations restrict prizes to personal property and specific monetary amounts. This bill would expand the types of assets that nonprofit organizations and charitable groups can offer as raffle incentives.

Why is this important

Allowing real property as raffle prizes could increase fundraising options for charitable organizations, potentially enabling them to raise larger sums for community causes. However, this expansion also introduces new regulatory questions regarding property valuation, tax implications, and fraud prevention in a high-value transaction context.

Potential points of contention

  • Property valuation disputes: Determining fair market value for real estate prizes could be subject to disagreement and manipulation, creating enforcement challenges for regulators
  • Tax and title complications: Transferring real property through raffles raises questions about property taxes, title insurance, and whether winners face unexpected financial obligations
  • Fraud and money laundering concerns: High-value real property transactions could potentially be exploited for illicit purposes if oversight mechanisms aren't sufficiently robust
  • Existing raffle regulation compatibility: The bill may require substantial revisions to current raffle licensing, reporting, and accountability requirements designed for lower-value prizes

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.