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AZ HCR2004

Concurrent Resolution

Status

Introduced

1/13/2022

Primary Sponsor

Kevin Payne

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - Second Regular Session (2022)

AI Summary

  • Imposes an additional transaction privilege tax (sales tax) increment of 0.1% (one-tenth of one percent) from December 31, 2022 through December 31, 2042 on retail and utility business transactions.

  • Imposes a corresponding 0.1% use tax increment on storage, use or consumption of tangible personal property for the same 20-year period.

  • Establishes the Fire District Safety Fund to receive revenues from these tax increments, with funds distributed to Arizona's 144 fire districts based on property valuations, with caps on individual district allocations and equal distribution of remaining funds.

  • Allows fire districts to use transferred funds for general operations and any duties under Arizona fire district law, with funds placed in district general funds or joint powers authority funds.

  • Requires submission of the measure to Arizona voters at the next general election for approval before implementation.

Legislative Description

Fire districts; funding; TPT increment

Fire Districts

Last Action

House MAPS Committee action: Held, voting: (0-0-0-0-0-0)

2/14/2022

Committee Referrals

Rules1/13/2022
Military Affairs and Public Safety1/13/2022

Full Bill Text

No bill text available