Bill > HB2754

This bill modifies how transaction privilege tax (TPT) revenues are distributed, specifically creating a new monthly transfer of funds to the Arizona Highway User Revenue Fund (HURF). Under the new provision, the state treasurer will transfer 5% of the state general fund revenues collected from transaction privilege taxes to the HURF each month. The bill also updates the definition of "highway user revenues" to include these new transferred monies. The changes to the existing law expand the sources of funding for highway and transportation infrastructure by providing a consistent monthly allocation from general fund tax collections. This modification aims to provide more stable and predictable funding for transportation-related expenses by establishing a direct, percentage-based transfer from transaction privilege tax revenues. The bill will apply to taxable periods beginning the month after its general effective date, ensuring a clear implementation timeline for the new revenue distribution method.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/83217