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Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
The state transaction privilege tax is 5.6%; however, county and municipal sales taxes generally add an additional 2%. The state rate on transient lodging (hotel/motel) is 7.27%. The state of Arizona does not levy a state tax on food for home consumption or on drugs prescribed by a licensed physician or dentist.
A privilege tax is a tax levied in exchange for a privilege or license granted to the taxpayer. The fee for registering a motor vehicle is one example of a privilege tax. Many taxes on businesses are characterized as privilege taxes. For example, Arizona 's transaction privilege tax is a gross receipts tax on business. In the 1911 case of Flint v.
Proposition 487 - Specific to Flagstaff, the measure, if approved, will allow the city to continue to collect its 2% lodging, restaurant, and lounge transaction privilege tax (commonly referred to ...
Arizona has a transaction privilege tax (TPT) that differs from a true sales tax in that it is a gross receipts tax, a tax levied on the gross receipts of the vendor and not a liability of the consumer. [60] Vendors are permitted to pass the amount of the tax on to the consumer, but remain the liable parties for the tax to the state. [61]
Arizona State Tax Commission; T. Transaction privilege tax This page was last edited on 4 October 2009, at 09:19 (UTC). Text is available under the Creative ...
Arizona State University, Tempe (BS) University of New Mexico (JD) Albert A. Hale (March 13, 1950 – February 2, 2021) was an American attorney and politician. A member of the Democratic Party, he served in the Arizona Senate from 2004 to 2011 and in the Arizona House of Representatives from 2011 to 2017. A member of the Navajo Nation, Hale ...
A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
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