AZ HB2867

Establishes a 1% surcharge on payroll taxes for business owners, corporations, and small business taxpayers operating in Arizona for taxable years beginning after December 31, 2024.

Creates the Community College Apprenticeship and Workforce Development Program Fund administered by the Office of Economic Opportunity to receive surcharge revenues.

Requires the Department of Revenue to separately account for and deposit surcharge revenues into the new fund for community college apprenticeship and workforce development programs.

Allows community colleges to apply for and receive fund monies for developing and administering apprenticeship and workforce development programs.

Requires a two-thirds affirmative vote in both houses of the legislature for enactment and becomes effective upon the governor's signature or a three-fourths legislative override of a veto.