AZ HB2478

Allows county boards of supervisors in counties with populations under 500,000 to levy a tax on hotels and transient lodging businesses, classified under Arizona Revised Statutes sections 42-5070 or 42-5076.

Tax rate may not exceed 6 percent on gross proceeds of sales or gross income from hotel and transient lodging businesses.

Tax applies only in unincorporated areas of the county and may begin on January 1 or July 1, with at least three months' notice after county resolution approval.

Net revenues collected monthly by the state treasurer are transmitted to the county treasurer for use in promoting tourism or funding economic development activities as defined in statute.

An increase in this tax does not constitute a new tax for purposes of economic development limitations under section 11-254.04.