Arizona Revised Statutes Title 48. Special Taxing Districts § 48-4501. Annual replenishment tax; amount

A. The board shall levy an annual replenishment tax for the privilege of withdrawing groundwater in the district. The tax shall be levied against each district member whose replenishment account under § 48-4464 contains a debit balance as of June 30 each year. The tax shall be levied at a rate that will be sufficient to produce the amount of money estimated to pay the water acquisition costs of an amount of water necessary to offset the debit balances of all members' replenishment accounts as reported pursuant to § 48-4466, subsection B.

B. On or before August 15 of each year, the district shall transmit a statement to each district member that is subject to the replenishment tax stating the amount of replenishment tax.

C. On or before October 15 of each year, each district member shall pay to the district an amount equal to the replenishment tax multiplied by the net debit balance in the member's replenishment account as computed pursuant to § 48-4464.

D. The district shall credit all revenues it collects under this section to the water acquisition fund.

E. The district shall replenish water in an amount that is sufficient to offset the debit balances of all members' replenishment accounts computed pursuant to subsection A of this section.