The resolution proposes a measure concerning wire transfers of money, which will be submitted to the voters for approval. It aims to amend the Arizona Revised Statutes by adding specific requirements for electronic money transmissions, particularly those facilitated by individuals not lawfully present in the United States. Key provisions include mandating the disclosure of sender and receiver names, the destination country, and the amount being transmitted. Additionally, it sets a limit of $5,000 on the amount that can be transmitted within a 24-hour period and prohibits transfers to individuals associated with criminal activities.

Furthermore, the resolution introduces a tax on international wire transfers conducted by entities that are not lawfully present in the country, levied at a rate of 30% on each transaction sent outside the United States. The tax will be collected alongside the transaction privilege tax, and the revenue generated will be allocated to the Department of Public Safety, the Department of Emergency and Military Affairs, and the Arizona Department of Homeland Security. The Secretary of State is tasked with presenting this proposition to voters in the next general election.

Statutes affected:
Introduced Version: 6-1235