AZ SB1255

Amends Arizona law to authorize intergovernmental public transportation authorities (in addition to regional transportation authorities) to levy county transportation excise taxes with voter approval.

Modifies the jet fuel excise tax rate from a fixed .305 cents per gallon to a rate not exceeding ten percent of the rate prescribed by section 42-5352, subsection A.

Directs tax revenues collected by intergovernmental public transportation authorities to be deposited in the public transportation authority fund pursuant to section 28-9142.

Maintains existing provisions allowing counties to levy transportation excise taxes on transaction privilege tax, jet fuel, and electricity/natural gas consumption, with revenues deposited in regional or public transportation authority funds depending on county population.

Effective date of December 31, 2014 for the amended version of section 42-6106.