HB 2416 Summary

• Appropriates $75,000 from the residential contractors' recovery fund for fiscal year 2018-2019 to the Department of Revenue.

• Funds an independent study to examine noncompliance rates with section 42-5075, Arizona Revised Statutes.

• Studies focus on persons subject to the prime contracting classification for transaction privilege tax purposes.

• Bill was approved by the Governor on May 16, 2018 and filed with the Secretary of State the same day.