Bill Summary: HCR 2034

• Imposes a 43 percent excise tax on electronic smoking devices (e-cigarettes, vape pens, e-hookahs, and related components and liquids) with revenues deposited into a new electronic smoking device tax fund administered by the Arizona Board of Regents.

• Directs all tax revenues from electronic smoking devices to fund regents scholarships and fulfill increased funding requirements for Arizona universities beginning in fiscal year 2021-2022.

• Exempts tampons, sanitary napkins, menstrual sponges, menstrual cups, and similar feminine hygiene items from transaction privilege tax (sales tax).

• Requires approval by Arizona voters through a statewide ballot proposition before the measure becomes law.

• Amends sections of Arizona's tax code and university funding statutes to implement these changes.