Arizona HB2290 modifies sourcing rules for transaction privilege tax on tangible personal property.

Arizona HB2290 amends the sourcing rules for transaction privilege tax on tangible personal property. It specifies that gross receipts from leasing or renting tangible personal property are sourced to the lessor's business location if the lessor has one in the state, or to the lessee's address if there is no business location. It also details sourcing for shared vehicle transactions based on the vehicle's registration and the owner's residence. This act applies to taxable periods beginning on or after the first day of the month following the general effective date.

Arizona HB2290 modifies sourcing rules for transaction privilege tax on tangible personal property.

Arizona HB2290 amends the sourcing rules for transaction privilege tax on tangible personal property. It specifies that gross receipts from leasing or renting tangible personal property are sourced to the lessor's business location if the lessor has one in the state, or to the lessee's address if there is no business location. It also details sourcing for shared vehicle transactions based on the vehicle's registration and the owner's residence. This act applies to taxable periods beginning on or after the first day of the month following the general effective date.