The bill SB1112 prohibits the Chinese Communist Party (CCP) and its members from owning real property in Arizona. It establishes that any deed for real estate conveyance where the CCP or its members are the recipients will be considered invalid. This new legislation aims to prevent foreign influence in property ownership within the state.

Additionally, the bill defines a "foreign entity" to include various entities and individuals from specific countries, such as China, Cuba, Iran, North Korea, Russia, Syria, and Venezuela, that may be involved in property ownership. It clarifies that the U.S. government and its territories are not included in this definition. The bill is set to take effect on the general effective date, and there is no anticipated fiscal impact on the state General Fund.

Statutes affected:
Introduced Version: 33-443