AZ HB2534

Allows Indian tribes to consent to state transaction privilege tax (TPT) collection on their reservations by obtaining Congressional approval and tribal governing body resolution, with subsequent distribution of tax revenues to consenting tribes.

Establishes "consenting Indian tribes" as eligible recipients of TPT distribution base revenues, calculated using population proportions and tax collection amounts similar to counties, receiving 38.08% and an additional 2.43% of distribution base monies.

Prohibits qualifying Indian tribes that have entered into education funding compacts before September 1, 2017 from receiving monies under section 42-5031.01 if they become consenting tribes, requiring them to use distribution revenues from section 42-5029 instead.

Allows consenting Indian tribes to conduct special census during the fifth year following decennial census to adjust tax revenue apportionment beginning in the sixth year.

Effective date of December 31, 2024 for amended section 42-5029 relating to consenting Indian tribe revenue distributions.