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AZ HB2972

AZ HB2972
Revenue; FY2026


summary

Introduced
06/23/2025
In Committee
06/24/2025
Crossed Over
06/25/2025
Passed
06/25/2025
Dead
Vetoed
06/25/2025

Introduced Session

Fifty-seventh Legislature - First Regular Session (2025)

Bill Summary

AN ACT amending section 42-5041, Arizona Revised Statutes; relating to revenue.

AI Summary

This bill amends Arizona's tax code to continue funding the Department of Revenue's Integrated Tax System Modernization Project for fiscal year 2026. The bill establishes specific guidelines for assessing fees from counties, cities, towns, councils of governments, and regional transportation authorities, with a total fee cap of $6,558,800 for the fiscal year. The fees will be calculated proportionally based on previous years' revenue distributions, ensuring that each entity pays a fair share. The collected funds will be used to support the modernization of the state's tax system, with transfers from various tax sources limited to $795,300 and $177,200 for specific tax categories. The bill also provides instructions for distributing monies through sections 42-6105 and 42-6105.01 in fiscal years 2026-2027 and 2027-2028, using the distribution amounts from previous fiscal years as a baseline. If an entity fails to pay the assessed fees, the state treasurer can withhold funds from their future distributions until the full amount is satisfied, ensuring compliance with the fee assessment.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Governor Vetoed (on 06/25/2025)

bill text


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bill summary

Document Type Source Location
State Bill Page https://apps.azleg.gov/BillStatus/BillOverview/83505
Analysis - HOUSE SUMMARY: 07/21/2025 Vetoed https://apps.azleg.gov/BillStatus/GetDocumentPdf/531564
Analysis - HOUSE SUMMARY: 07/21/2025 House Engrossed https://apps.azleg.gov/BillStatus/GetDocumentPdf/531563
Analysis - SENATE FACT SHEET: 06/27/2025 THIRD READ As Vetoed https://apps.azleg.gov/BillStatus/GetDocumentPdf/531340
BillText https://www.azleg.gov/legtext/57leg/1r/bills/hb2972h.htm
Governor's Letter https://apps.azleg.gov/BillStatus/GetDocumentPdf/531210
Analysis - SENATE FACT SHEET: 06/25/2025 For Third Read As Passed House https://apps.azleg.gov/BillStatus/GetDocumentPdf/531164
Analysis - HOUSE SUMMARY: 06/24/2025 Caucus & COW https://apps.azleg.gov/BillStatus/GetDocumentPdf/531106
Analysis - HOUSE SUMMARY: 06/23/2025 Appropriations https://apps.azleg.gov/BillStatus/GetDocumentPdf/531091
BillText https://www.azleg.gov/legtext/57leg/1r/bills/hb2972p.htm
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