The proposed bill would update current statutes by introducing new provisions that require the State Treasurer to transfer income tax revenues from professional baseball athletes and transaction privilege tax (TPT) revenues to the County Stadium District Fund, effective from specified dates in 2025 and 2026. Additionally, it mandates the Arizona Department of Revenue to separately account for various tax revenues generated from activities related to the Major League Baseball facility owned by the County Stadium District, including retail, amusement, restaurant, and prime contracting classifications.

Moreover, the bill emphasizes that all funds collected for the County Stadium District must be exclusively used for the reconstruction, equipping, repairing, maintaining, or improving the Major League Baseball facility. It also introduces penalties for professional baseball franchise organizations that leave Arizona before certain deadlines and establishes requirements for reporting and accounting for the funds. Overall, these updates aim to enhance financial management and accountability within the County Stadium District while streamlining revenue collection processes.

Statutes affected:
Introduced Version: 28-2154.01, 42-1116, 42-5008.01, 42-5009, 42-5029, 42-5032.03, 42-5061, 42-5073, 42-5074, 42-5075, 42-5159, 42-6018, 42-6113, 43-206, 43-209, 48-4231, 28-2154, 42-6051, 35-146, 35-147, 42-1117, 42-3104, 49-282, 5-834, 42-1123, 42-1125, 42-5063, 42-1104, 28-4301, 42-6004, 42-5040, 42-5076, 42-5005, 28-9601, 42-5014, 42-5070, 42-5010, 42-5155, 42-5010.01, 42-5164, 42-5205, 42-1118, 42-1254, 42-5030, 42-5030.01, 42-5031, 42-5032, 42-5032.01, 42-5032.02, 17-273, 15-2084, 15-1648, 15-1472, 42-5031.01, 15-971, 2001-2002, 2002-2003, 2003-2004, 2004-2005, 2005-2006, 15-154, 15-154.01, 15-241, 43-1072.01, 15-977, 41-2257, 41-2258, 42-5033, 42-5033.01, 42-6010, 9-626, 41-194.01, 15-1402, 15-1403, 15-1409, 42-5156, 23-501, 36-1901, 28-5201, 42-6017, 88-525, 95-627, 99-661, 111-296, 28-5739, 28-8344, 42-5001, 3-311, 46-191, 36-551, 41-3201, 41-1514.02, 1-215, 49-426, 49-480, 41-1516, 44-1771, 45-604, 28-1171, 104-104, 41-1519, 44-1302, 42-5064, 5-111, 42-5062, 110-246, 32-1121, 42-1301, 15-1670, 9-463.05, 11-1102, 49-701, 3-361, 3-262, 42-12002, 42-12003, 42-12004, 41-4001, 41-1520, 42-6105.01, 42-6109.01