AZ HB2328

Establishes a new tax revenue distribution program for special sporting events held at host facilities with at least 45,000 fixed seats that were selected through a competitive process.

Directs the state treasurer to pay revenues from retail, amusement, and restaurant transaction privilege taxes directly attributable to special sporting events to the office of tourism, with amounts ranging from $1 million to $2 million based on project cost thresholds of $50 million to $100+ million.

Requires payments to continue for 30 years beginning when the special sporting event project cost meets the minimum threshold, with funds used solely for promotion and marketing of the event and host facility.

Defines special sporting events as those sanctioned by nationally recognized governing bodies, including professional football championship games, intercollegiate football national championship games, premier stock car racing series, and national equestrian events.

Requires the department of revenue to separately account for transaction privilege tax revenues collected from retail, amusement, and restaurant classifications that are directly attributable to the special sporting event beginning January 1, 2018.