AZ HB2347

Imposes an additional 16.5% transaction privilege tax rate on online lodging marketplace operators who have registered with the Department of Revenue under section 42-5005, subsection L.

Directs all revenues collected from the additional tax rate to be deposited into the Housing Trust Fund established under section 41-3955 for housing development and affordability programs.

Amends the Housing Trust Fund statute to include revenues from the new online lodging tax as a fund source, alongside existing sources from unclaimed property and state transfers.

Requires the Department of Revenue to separately account for revenues collected under the new tax rate and ensure the State Treasurer distributes them to the housing trust fund.

Requires a two-thirds affirmative vote in both houses of the legislature to enact this bill, making it effective immediately upon the Governor's signature or three-fourths vote override of a veto.