The proposed bill would amend current statutes by introducing new provisions regarding the deposit of transaction privilege tax (TPT) revenues related to electric vehicle charging stations. Specifically, it would require the State Treasurer to deposit 10% of the TPT revenues collected from businesses leasing or renting public-access electric vehicle charging stations into the Highway User Revenue Fund (HURF). This deposit would be made each month, following instructions from the Arizona Department of Revenue (DOR). Additionally, the DOR would be tasked with separately accounting for these revenues under the personal property rental classification.

Furthermore, the bill includes an applicability clause stating that the new provisions would take effect for taxable periods beginning on or after the first day of the month following the general effective date. The bill also makes conforming changes to ensure consistency with existing statutes. Overall, these updates aim to enhance the funding for highway user revenues while promoting the use of electric vehicle charging infrastructure.

Statutes affected:
Introduced Version: 28-6501, 42-5032.04, 42-5071, 28-2404, 28-2407, 28-2412, 28-2470.39, 28-2514, 28-2415, 28-2417, 28-2473, 28-2474, 28-2475, 28-2476, 28-1177, 28-5926, 28-5927, 35-146, 35-147, 42-5010, 28-6533