This bill proposes the addition of a new chapter to Title 48 of the Arizona Revised Statutes, specifically addressing the formation and management of tourism improvement districts. It introduces definitions for key terms such as "lodging business," "lodging business assessment," and "tourism improvement area," which are essential for the establishment and operation of these districts. The bill outlines the process for forming a tourism improvement area, including the requirements for petitions, public hearings, and the necessary approvals from governing bodies. It also specifies the roles and responsibilities of the owners' association that will manage the tourism improvement area, including the authority to levy assessments on lodging businesses to fund tourism-related activities.

Additionally, the bill establishes guidelines for the assessment process, including the maximum assessment rates, the collection and reporting of funds, and the conditions under which a tourism improvement area may be dissolved. It emphasizes that the activities funded by these assessments are intended to enhance tourism and economic development without replacing existing governmental services. The bill aims to provide a structured approach for municipalities to improve their tourism offerings, thereby increasing competitiveness and revenue generation for local lodging businesses.