AZ HCR2008

Proposes a statewide ballot measure to amend transaction privilege tax (TPT) and use tax rates in Arizona Revised Statutes sections 42-5010 and 42-5155.

Implements a temporary additional tax rate increment of 0.6% through June 30, 2021, then increases permanently to 1% after that date for most business classifications listed under the retail, amusement, restaurant, and personal property rental categories.

Applies the same additional rate increment structure to the use tax on tangible personal property purchased and used in Arizona, with identical sunset and permanent rate provisions.

Directs the Secretary of State to place this proposition before Arizona voters at the next general election for approval.

The measure includes transition provisions exempting certain contracts and written bids made before the effective date from the new tax rates.