Bill > HB2704

This bill establishes a comprehensive framework for creating and funding a county stadium district, with a primary focus on supporting a major league baseball facility. The bill amends multiple sections of Arizona Revised Statutes to create a mechanism for collecting and distributing tax revenues from businesses operating at or near the baseball facility. Key provisions include transmitting a portion of transaction privilege taxes, sales taxes, county excise taxes, and state income taxes related to the professional baseball franchise to the county stadium district fund. The bill specifies that these revenues can be used for reconstructing, equipping, repairing, maintaining, or improving the baseball facility and adjacent buildings. Additionally, the bill includes financial penalties if the professional baseball franchise organization leaves the facility before certain dates, with those penalties being distributed between the state general fund, county, and city. The legislation is structured to provide financial support for the stadium district from October 2025 through December 31, 2055, with provisions for reporting, transparency, and potential termination of funding if the baseball franchise departs. The bill also requires the professional baseball franchise organization to contribute at least $250,000,000 of its own funds towards facility improvements.

Budget and Finance, Business and Industry

https://apps.azleg.gov/BillStatus/BillOverview/82754