AZ HB2075

Directs state treasurer to distribute 50% of transaction privilege tax (TPT) revenues collected from Indian reservations monthly to each Indian tribe, with remaining 50% credited to state general fund.

Allows Indian tribes to use distributed TPT revenues for telecommunication infrastructure development, community development projects, multipurpose buildings, infrastructure development, and roads on their reservations, or for bonding and loan collateral.

Limits annual distributions to qualifying Indian tribes with postsecondary educational institutions to $1.75 million per single community college or $875,000 per additional technical college, or 10% and 5% of reservation TPT revenues respectively, whichever is less.

Requires qualifying Indian tribes to execute a 10-year compact with the state by September 1, 2012, with provisions for audits by the auditor general and reimbursement to the Department of Revenue for implementation costs not exceeding $150,000.

Corrects technical references in the retail business location municipal tax incentives penalty statute to align with amended distribution subsections.