AZ HB2568

Amends Arizona Revised Statutes section 42-5031.01 to modify distribution of transaction privilege tax revenues to qualifying Indian tribes for postsecondary educational institutions.

Changes the cap on annual distributions from tribes from "not more than one-tenth of transaction privilege tax revenue" to "one-tenth of the transaction privilege tax revenue" with a minimum floor of $1,750,000 per fiscal year.

Requires qualifying Indian tribes to enter into compacts with the state for each college or college campus receiving funds, signed by the governor, with terms of at least ten years and renewable for additional ten-year periods.

Specifies that distributed monies must be used primarily for capital needs, maintenance, and renewal of existing facilities at designated community college campuses on the qualifying tribe's reservation in Arizona.

Permits the Department of Revenue to be reimbursed up to $150,000 from distributed revenues for implementation costs.