HB2809 Summary

• Increases the maximum total amount of state transaction privilege tax revenue that can be distributed to cities, towns, and counties for public infrastructure improvements from $100,000,000 to $200,000,000.

• Changes payment structure from monthly increments to a total amount limit, maintaining the authorization period from September 30, 2013 through September 30, 2033.

• Clarifies that state payments shall not exceed 80 percent of the total cost of public infrastructure improvements benefiting a manufacturing facility.

• Retains existing requirements for manufacturing facilities to make minimum capital investments ($500,000,000 in counties with population of 800,000 or more; $50,000,000 in smaller counties) and file sworn certifications with the Arizona Commerce Authority.