The proposed bill, if enacted, would amend current statutes related to the Arizona Department of Revenue's fee assessment and collection for the Integrated Tax System Modernization Project. Specifically, it extends the timeline for the department to assess and collect fees from various entities from June 30, 2028, to June 30, 2029. This includes fees from counties, cities, towns, councils of governments, and regional transportation authorities, as well as transfers of funds from specific tax revenues to support the modernization project. The bill also clarifies the assessment process and establishes a cap on the total fees that can be collected in fiscal year 2027, not to exceed $6,286,300.

Additionally, the bill introduces new provisions regarding the distribution of fees and transfers based on population metrics from the most recent census, ensuring that the assessment is proportional to the tax revenues distributed to the respective entities. It specifies maximum amounts for transfers from the additional education transaction privilege tax and marijuana excise tax revenues for fiscal year 2027, set at $762,300 and $169,800, respectively. Overall, the bill aims to provide a structured approach to funding the tax modernization efforts while ensuring compliance with legislative intent regarding fiscal responsibility.

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