The proposed bill would amend current statutes by introducing a new fee structure for foreign wire transfers, which would be collected by licensed money transmitters. Specifically, it would require a fee of $25 for transactions under $500 and an additional 5% for amounts exceeding $500. This fee would be paid to the Arizona Department of Revenue (ADOR) and deposited into a newly established Deportations Fund, which would be used to provide grants to law enforcement agencies for apprehending and deporting illegal immigrants. The bill also establishes a tax credit for individuals who pay these fees during the taxable year.

Additionally, the bill would create the Deportations Fund, which would consist of the collected fees and be administered by the State Treasurer. The fund would be used to grant $2,500 for each illegal immigrant apprehended and deported, with the stipulation that these funds are subject to legislative appropriations and exempt from lapsing. The bill also includes definitions for "licensee" and "law enforcement agency," and it removes certain requirements and caps related to the distribution of grant monies and tax credits.

Statutes affected:
Introduced Version: 41-1092.08
Senate Engrossed Version: 43-222, 43-1080, 42-5064, 42-5014, 35-146, 35-147, 6-1253, 6-1252, 35-190, 38-1118, 43-1079.01, 43-1088, 43-1089.04, 43-1167.01, 43-1175, 43-1072.02, 43-1074.02, 43-1075, 43-1076.01, 43-1077, 43-1078, 43-1083, 43-1083.02, 43-1162, 43-1164.03, 43-1183, 43-1073, 43-1082, 43-1085, 43-1086, 43-1089, 43-1089.01, 43-1089.02, 43-1089.03, 43-1164, 43-1165, 43-1181, 43-1074.01, 43-1168, 43-1170, 43-1178, 43-1073.01, 43-1081.01, 43-1083.03, 43-1084, 43-1164.04, 43-1164.05, 43-1184