ARIZONA HOUSE OF REPRESENTATIVES

Fifty-fourth Legislature

Second Regular Session

House: WM DP 8-0-1-1

HB 2629: TPT; exemption; pacemakers

Sponsor:  Representative Bolick, LD 20

House Engrossed

Overview

Exempts pacemakers from the Transaction Privilege Tax (TPT) and use tax.

History

Statute states that the retail TPT classification is comprised of the business of selling tangible personal property at retail. The tax base for the retail classification is the gross proceeds of sales or gross income derived from the business (A.R.S. § 42-5061).

Use tax is a levy on items purchased in other states that are then brought into Arizona for storage, use or consumption and for which no tax has been paid in another state (A.R.S. § 42-5160).

Provisions

1.    ☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☒ Fiscal NoteExempts the sale of pacemakers from TPT and use tax. (Sec 1-3)

2.    Contains a delayed effective date of January 1, 2021. (Sec. 5)

3.    Contains a fiscal note.

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7.    Initials VP/EB                    House Engrossed

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