TPT; exemption; textbook rental
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill amends Arizona’s Transaction Privilege Tax (TPT) laws to clarify exemptions for certain personal property rentals. Specifically, it expands existing exemptions to include peer-to-peer car sharing, aircraft leasing for educational institutions, and photographs used for tourism. The bill also adjusts the tax base calculation to account for specific reimbursements and lease scenarios, and clarifies definitions related to car sharing programs.
Key provisions
- Expands the TPT exemption to include peer-to-peer car sharing.
- Creates an exemption for aircraft leasing to educational institutions in aviation or aerospace fields.
- Adds an exemption for photographs used in tourism marketing materials.
- Adjusts the tax base calculation to exclude certain reimbursements and lease payments.
- Defines ‘peer-to-peer car sharing’ and ‘peer-to-peer car sharing program’ for tax purposes.
- Clarifies the definition of ‘utility pole’ for tax purposes.
- Extends the exemption for recreational animal leasing until 1988, then re-establishes taxation after that date.
- Addresses tax treatment of motor vehicle fuel and use fuel.
Who is affected
- Businesses involved in personal property rental
- Peer-to-peer car sharing operators
- Aviation educational institutions
- Tourism marketing agencies
- Motor vehicle dealers
Bill text
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Sponsors
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1 on record
Primary sponsor
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