AZ HB2355

Establishes a new soft drink classification under transaction privilege tax (TPT) with a tax rate of 0.02 percent on the gross proceeds of sales or gross income from selling soft drinks for consumption on or off premises.

Defines "soft drink" as any nonalcoholic beverage containing a sweetener sold for human consumption, including cola, soda, soda pop, ginger ale, and fruit drinks, but excludes other ready-to-drink beverages like juice and water.

All revenues collected from the soft drink tax shall be credited to the state general fund and appropriated annually for funding early childhood development programs.

Provides retail and restaurant businesses with an endorsement to their existing tax licenses (at no additional cost) if they sell soft drinks, rather than requiring separate licenses.

Requires a two-thirds affirmative vote of both legislative houses for enactment, per Arizona Constitution article IX, section 22.