AZ SB1341

Allows regional transportation authorities or intergovernmental public transportation authorities in any county to levy a transportation excise tax if approved by county voters.

Establishes tax rates of up to 10 percent of transaction privilege tax rates on retail businesses, on specific transaction taxes, and on electricity and natural gas consumption.

Requires net revenues in counties exceeding 400,000 persons to be deposited in the regional transportation fund; allows counties with 400,000 or fewer persons to deposit revenues in either the public transportation authority fund or regional transportation fund or allocate between both.

Allows revenues from taxes levied by intergovernmental public transportation authorities to be deposited in the public transportation authority fund.

Tax becomes effective January 1 or July 1, whichever occurs first after voter approval, and may remain in effect for up to 20 years.