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AZ HB2754
Bill
Status
2/10/2025
Primary Sponsor
Neal Carter
Click for details
AI Summary
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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.
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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.
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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.
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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