The proposed bill, if enacted, would amend current statutes related to revenue collection and distribution for the Arizona Department of Revenue's Integrated Tax System Modernization Project. Specifically, it would modify the existing fee structure assessed to counties, cities, towns, councils of governments, and regional transportation authorities that receive state shared revenues. The bill introduces new guidelines for the assessment of these fees, capping the total amount at $6,558,800 for fiscal year 2025-2026 and establishing a proportional distribution based on prior fiscal year revenues. Additionally, it clarifies that the population figures from the most recent census will be used for apportioning these fees.

Furthermore, the bill would set limits on the transfers from specific tax revenues for the same fiscal year, including a maximum of $795,300 from the additional education transaction privilege tax and $177,200 from marijuana excise tax revenues. It also includes technical and conforming changes to ensure consistency within the statutes. Overall, the bill aims to streamline the revenue assessment process while ensuring that the financial contributions from various entities are fairly allocated based on historical revenue distributions.

Statutes affected:
Introduced Version: 42-5041
House Engrossed Version: 42-5041