AZ HB2647

Municipalities cannot levy development fees, impact fees, or connection fees on real property within a county stadium district established under section 48-4202, subsection B.

Municipal building permits for projects within a county stadium district must be issued or denied within 30 days of receiving a complete application.

Retail businesses in county stadium districts that invest in capital improvements equal to at least 50% of the property's original value receive a tiered sales tax exemption lasting up to 14 years, declining from 100% to 0% over the period.

Residential properties in county stadium districts receiving similar capital improvements receive a property tax freeze for 10 years, followed by five years of 20% annual value increases.

County stadium districts may include privately-owned commercial real estate development projects that substantially increase tax revenue, employment, or pedestrian traffic, and the district may provide financial assistance including loans repaid through incremental tax revenue.