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TPT and Use Tax: Arizona residents who purchase goods in which another state’s sale tax or other excise tax was imposed and the rate of that tax is less than Arizona’s use tax rate. For more information on use tax, including sales of casual goods, vehicles and aircraft and use tax rate and exemptions, please see ADOR Publication 610.What is TPT threshold?
TPT Thresholds. Businesses with an annual transaction privilege tax and use tax liability of $10,000 or more during the prior calendar year are required to file and pay electronically. Failure to comply with the electronic filing and payment requirements may result in penalties.How much does it cost to get a TPT license?
Please note that businesses with multiple locations or business lines can opt to license and report for each location separately or have a consolidated license (and report aggregate sales). The cost for each license per location is $12. What’s New with TPT? On May 31, 2019, Arizona Governor Doug Ducey signed House Bill 2757 into law.What is the Arizona transaction privilege tax (TPT)?
Although commonly referred to as a sales tax, the Arizona transaction privilege tax (TPT) is actually a tax on a vendor for the privilege of doing business in the state.
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