AZ SB1188

Allows county boards of supervisors in counties with populations under 500,000 to levy an assessment on gross proceeds or income from transient lodging businesses taxed under chapter 5 of Arizona Revised Statutes.

Assessment rate may not exceed 6 percent and applies only to unincorporated areas of the county.

Assessment may begin January 1 or July 1, whichever date occurs at least three months after the county resolution approving the levy.

Net revenues collected monthly by the state treasurer are transmitted to the county treasurer and must be used either to promote and enhance tourism or for economic development activities as defined in section 11-254.04.

Assessment increases are not considered new fees or taxes for purposes of section 11-254.04, subsection B.