The proposed bill seeks to update current statutes by introducing new provisions for the formation and management of tourism improvement areas, which are special taxing districts designed to enhance tourism and lodging services. Key updates include the requirement for lodging business owners to submit valid petitions for the formation of these areas, the establishment of an owners' board, and the creation of a tourism improvement area plan that outlines activities and funding sources. The bill also specifies the assessment rates that can be levied on lodging businesses, mandates public hearings for the formation and potential dissolution of these areas, and delineates the responsibilities of governing bodies and destination marketing organizations in managing them.

Additionally, the bill would amend Title 48 of the Arizona Revised Statutes by adding Chapter 38, which includes definitions for terms currently not defined in existing law, such as "lodging business" and "tourism improvement area." It introduces requirements for the Destination Marketing Organization and the governing body to report assessment amounts to the Department of Revenue and enter into intergovernmental agreements for reimbursement of expenses. The bill also outlines the dissolution process for tourism improvement areas, including conditions for dissolution, public hearing requirements, and stipulations for the handling of remaining funds. Overall, these updates aim to streamline the management of tourism improvement areas while ensuring accountability and representation for lodging businesses.