Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-1116
Disposition of tax revenues
Disposition of tax revenues A. The department of revenue shall promptly deposit, pursuant to sections 35-146 and 35-147, all monies it collects from the taxeseparately accounting for each type of tax and each tax classification within each type of tax. At the same time the department of revenue shall also furnish copies of the transmittal schedules to the director of the department of administration. B. Except as provided by subsections C and D of this section, the department shall deposit all monies and remittances received under this section to the credit of the following specific funds and accounts:
# 1.
Amounts sufficient to meet the requirements for tax refunds to the tax refund account established by section 42-1117.
# 2.
Amounts sufficient to meet the requirements of urban revenue sharing to the urban revenue sharing fund established by section 43-206.
# 3.
Amounts collected pursuant to chapter 5, articles 1 and 5 of this title to the transaction privilege and severance tax clearing account established by section 42-5029.
# 4.
Amounts sufficient to meet the requirements of section 42-3104 to the corrections fund.
# 5.
Amounts sufficient to meet the requirements of section 49-282, subsection B relating to the water quality assurance revolving fund.
# 6.
All remaining monies to the state general fund. C. From the monies and remittances received under this section, each month beginning July 2001 the state treasurer shall transmit to the tourism and sports authority, established by title 5, chapter 8, for deposit in its facility revenue clearing account established by section 5-834 one-twelfth of the amount reported by the department pursuant to section 43-209, subsection C. D. Subject to section 48-4238, from the monies and remittances received under this section, each year beginning January 1, 2026 through December 31, 2056, the state treasurer, on instruction from the department, shall transmit eighty-two percent of the amount reported by the department pursuant to section 43-209, subsection D for the prior taxable year to the county stadium district established pursuant to title 48, chapter 26 for deposit in the county stadium district fund established pursuant to section 48-4231.
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In this chapter (40 sections)
- 42-1102 · Taxpayer bonds; definition
- 42-1103 · Enjoining delinquent taxpayer from engaging or continuing in…
- 42-1103.1 · Action to enjoin return preparers
- 42-1103.2 · Understatement of taxpayer's liability by return preparer;…
- 42-1103.3 · Suspension from electronic filing program
- 42-1104 · Statute of limitation; exceptions
- 42-1105 · Taxpayer identification, verification and records; retention
- 42-1105.1 · Signatures; return preparers and electronic return…
- 42-1105.2 · Date of filing by electronic means; definitions
- 42-1105.3 · Unauthorized disclosure; violation; classification
- 42-1106 · Time limitations for credit and refund claims
- 42-1107 · Extension of time for filing returns
- 42-1108 · Audit; deficiency assessments; nonaudit adjustments;…
- 42-1109 · Failure to file return; false or fraudulent return; limited…
- 42-1110 · Successor liability for tax
- 42-1111 · Jeopardy assessments
- 42-1112 · Enforcement powers and duties
- 42-1113 · Closing agreements
- 42-1114 · Suit to recover taxes
- 42-1115 · Payment under protest
- 42-1116 · Disposition of tax revenues
- 42-1116.1 · Department of revenue administrative fund
- 42-1116.2 · Department of revenue tax fraud interdiction fund; uses
- 42-1117 · Tax refund account
- 42-1118 · Refunds, credits, offsets and abatements
- 42-1119 · Denial of refund
- 42-1120 · Overpayment and underpayment; spouses; trusts and estates
- 42-1121 · Overpayment and underpayment in different tax years
- 42-1122 · Setoff for debts to state agencies, political subdivisions…
- 42-1123 · Interest
- 42-1124 · Failure to affix stamps or pay or account for tax; forfeiture…
- 42-1125 · Civil penalties; definition
- 42-1125.1 · Civil penalties for return preparers, electronic filing and…
- 42-1126 · Fee for bad checks; definition
- 42-1127 · Criminal violation; classification; place of trial;…
- 42-1128 · Recovery of collection costs
- 42-1129 · Payment of tax by electronic funds transfer
- 42-1130 · Temporary tax relief for out of state employees and out of…
- 42-1131 · Electronic signatures; definition
- 42-1151 · Lien