AZ HB2150

Distributes 15% of monthly transaction privilege tax revenues to qualifying Indian tribes, beginning in fiscal year 2020-2021, from sources on tribal reservation lands.

Requires qualifying Indian tribes to enter into a compact with the state governor before receiving funds, with funds designated for economic development, infrastructure development, and public safety.

Mandates audits by the auditor general and annual submission of plans to the department of administration relating to use of funds, with approval by a designated tribal planning committee.

Allows up to $100,000 reimbursement from distributed funds for department of revenue implementation costs, and permits tribes to retain unspent monies for future eligible purposes.

Defines "qualifying Indian tribe" as a federally recognized tribe holding more than 30% of its trust lands in Arizona counties with populations under 350,000 persons.