Arizona HB2639 amends transaction privilege and use tax exemptions for various types of tangible personal property.
Arizona HB2639 amends sections 42-5061 and 42-5159 of the Arizona Revised Statutes to modify transaction privilege and use tax exemptions. The bill exempts certain machinery, equipment, and materials used in manufacturing, processing, and research and development from the tax. It also exempts sales of food, drink, and condiments for consumption within certain institutions and sales of livestock and poultry to farmers. Additionally, the bill exempts sales of machinery and equipment used in telecommunications, energy storage, and environmental technology manufacturing.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.