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AZ HB2754

Bill

Status

Introduced

2/10/2025

Primary Sponsor

Neal Carter

Click for details

Origin

House of Representatives

Fifty-seventh Legislature - First Regular Session (2025)

AI Summary

  • Adds transaction privilege and use tax (TPT) revenues to the definition of "highway user revenues" under Arizona law by requiring monthly transfers of 5% of state general fund TPT revenues to the Arizona Highway User Revenue Fund.

  • Creates a new section 42-5030.02 directing the state treasurer to transfer monthly to the highway user revenue fund an amount equal to 5% of state general fund revenues collected under TPT law for distribution under title 28, chapter 18.

  • Modifies section 42-5029 to account for the new transfer requirement by referencing the distribution required by section 42-5030.02 when crediting remainder monies to the state general fund.

  • Applies to taxable periods beginning on or after the first day of the month following the general effective date.

Legislative Description

TPT; state revenues; distribution; HURF

Use Tax

Last Action

House read second time

2/11/2025

Committee Referrals

Rules2/10/2025
Ways and Means2/10/2025

Full Bill Text

No bill text available