AZ HB2702

Modifies the transaction privilege tax (TPT) distribution formula for revenues generated by qualified data center equipment, requiring the state treasurer to distribute a portion to the county and municipality where the data center is located.

Defines a "qualified data center" as a facility meeting specific requirements including investment thresholds and new construction criteria, with computer server equipment used to store, manage, and process data.

Establishes TPT revenue sharing where 25% goes to the county of origin and 25% to the municipality of origin, with different allocation rules if the data center is located in an unincorporated area.

Creates provisions for solar energy facilities associated with data centers, including requirements that solar facilities be located in the same county and meet renewable energy standards.

Sets compliance requirements including annual certification of data center operations and solar energy commitments, with penalties for failing to meet specified thresholds.