Exempts safe firearm storage devices from transaction privilege tax.

Arizona HB2635 amends the transaction privilege tax to exempt safe firearm storage devices from taxation. A "safe firearm storage device" is defined as a device designed to deny unauthorized access or render inoperable a firearm or ammunition, secured by a combination lock, key lock, or biometric lock, and not incorporated into a firearm or ammunition, nor subject to a recall. The bill applies to taxable periods beginning on or after the first day of the month following the general effective date.

Exempts safe firearm storage devices from transaction privilege tax.

Arizona HB2635 amends the transaction privilege tax to exempt safe firearm storage devices from taxation. A "safe firearm storage device" is defined as a device designed to deny unauthorized access or render inoperable a firearm or ammunition, secured by a combination lock, key lock, or biometric lock, and not incorporated into a firearm or ammunition, nor subject to a recall. The bill applies to taxable periods beginning on or after the first day of the month following the general effective date.