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HB 2972

revenue; FY2026

57th Legislature - First Regular Session Introduced by David Livingston

Arizona's FY2026 revenue bill passed legislature but was vetoed by Governor same day, leaving state budget unresolved.

Transmit to Governor
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Bill Summary · HB 2972

Legislative bill overview

HB 2972 is an Arizona revenue bill for fiscal year 2026 that was passed by both chambers of the legislature on June 25, 2025. However, the bill was vetoed by the Governor on the same day, preventing it from becoming law.

Why is this important

Revenue bills are fundamental to state government operations, as they establish funding mechanisms and appropriations for state services, programs, and operations during the fiscal year. The veto means Arizona's FY2026 budget framework remains unresolved, potentially creating uncertainty for state agencies and requiring legislative action to override the veto or pass alternative revenue measures.

Potential points of contention

  • The specific revenue sources or tax provisions in the bill that prompted the gubernatorial veto remain unclear without the bill's detailed text
  • Disagreement between the legislature and Governor regarding spending priorities, tax policy, or fiscal priorities for FY2026
  • The veto creates a budget impasse that must be resolved through either a veto override (requiring supermajority support) or negotiation on a revised revenue package

Compiled from official sources — confirm details with the bill’s official record.

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