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, upon instruction from the Arizona Department of Revenue (DOR), to deposit 10% of the TPT revenues collected from businesses leasing or renting customer-facing electric vehicle charging stations into the Highway User Revenue Fund (HURF). This deposit would be made each month and is intended to support the distribution of funds for highway-related purposes.

Additionally, the bill mandates that the DOR separately account for the revenues collected from the personal property rental classification associated with these electric vehicle charging stations. The new section 42-5032.04 would be added to the Arizona Revised Statutes, and the act would apply to taxable periods beginning on or after the first day of the month following its general effective date. The bill aims to enhance the funding for highway infrastructure while promoting the use of electric vehicles.

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