This bill proposes significant updates to the Arizona Revised Statutes by adding a new Article 2.1 focused on the practice of veterinary medicine. Key provisions include definitions for terms such as "licensee," "management services organization," and "veterinary practice," which clarify the roles and responsibilities within the veterinary field. The bill establishes that only licensed individuals may own or operate a veterinary practice, receive compensation for veterinary services, or employ licensed veterinarians. It also outlines the requirements for ownership and management structures within veterinary practices, emphasizing that a majority of voting shares must be held by licensed veterinarians and that non-licensed individuals cannot interfere with clinical decisions.

Additionally, the bill introduces regulatory measures for material change transactions involving veterinary practices, requiring prior notification to the attorney general and public disclosure of transaction details. It mandates annual reporting by veterinary practices to the Arizona State Veterinary Medical Examining Board, including ownership information and financial statements. The attorney general is granted enforcement authority, including the ability to impose civil penalties for violations. Overall, the bill aims to enhance oversight and transparency in the veterinary industry while ensuring that veterinary practices remain under the control of licensed professionals.