Bill Number: H.B. 2003
Peshlakai Floor Amendment
Reference to: House engrossed bill
Requires the Department of Revenue (DOR) to separately account for transaction privilege tax revenues collected from the business of mining coal and selling coal at retail, until the ownership transfer of the Navajo Generating Station has been approved by the Navajo Nation or December 31, 2022, whichever is earlier.
Requires DOR to transmit:
Continuously appropriates the revenues to the respective agencies.
Exempts the appropriations from lapsing.
Makes technical and conforming changes.
Second Regular Session H.B. 2003
PESHLAKAI FLOOR AMENDMENT
SENATE AMENDMENTS TO H.B. 2003
(Reference to House engrossed bill)
Page 27, after line 43, insert:
"Sec. 5. Coal mining transaction privilege tax revenues; interim disposition; exemption
A. Notwithstanding sections 42-1116 and 42-5029, Arizona Revised Statutes, until the condition prescribed in section 6 of this act occurs or through December 31, 2022, whichever occurs first, the department of revenue shall:
1. Separately account for revenues collected from the business of mining coal, pursuant to section 42-5072, Arizona Revised Statutes, and from retail sales of coal pursuant to section 42-5061, Arizona Revised Statutes.
2. Transmit each month the net revenues collected and accounted pursuant to paragraph 1 of this subsection as follows:
(a) One-third to the Arizona commerce authority for deposit in a special account to provide job training for residents of this state who are currently employed at the Navajo generating station and Peabody Energy's Kayenta coal mine.
(b) One-third to the Arizona commerce authority for deposit in a special account to provide grant monies for renewable energy projects located in this state on the Navajo Indian reservation.
(c) One-third to the Arizona board of regents for deposit in a special account to provide in-state tuition scholarships to attend state universities for dependents of employees at the Navajo generating station and Peabody Energy's Kayenta coal mine.
B. The monies in the special accounts established pursuant to subsection A, paragraph 2 of this section are continuously appropriated to, and shall be administered by, the respective agencies and are exempt from the provisions of section 35-190, Arizona Revised Statutes, relating to lapsing of appropriations."
Renumber to conform
Page 28, line 2, after "A." insert "Sections 1 through 4 of"; strike "does" insert "do"
Amend title to conform