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Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
A privilege tax is a tax levied in exchange for a privilege or license granted to the taxpayer. The fee for registering a motor vehicle is one example of a privilege tax. Many taxes on businesses are characterized as privilege taxes. For example, Arizona's transaction privilege tax is a gross receipts tax on business. In the 1911 case of Flint v
Transaction privilege tax This page was last edited on 4 October 2009, at 09:19 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
For those with an Arizona Transaction Privilege Tax (TPT) license, this must be canceled as well. Mailing a final transaction privilege tax return with the Arizona Department of Revenue will ...
Arizona has a transaction privilege tax (TPT) that differs from a true sales tax in that it is a gross receipts tax, a tax levied on the gross receipts of the vendor and not a liability of the consumer. [58] Vendors are permitted to pass the amount of the tax on to the consumer, but remain the liable parties for the tax to the state. [59]
The state transaction privilege tax is 5.6%; however, county and municipal sales taxes generally add an additional 2%. The state rate on transient lodging (hotel/motel) is 7.27%. The state of Arizona does not levy a state tax on food for home consumption or on drugs prescribed by a licensed physician or dentist.
Deutsche Bank says those who work from home should pay a tax for the ‘luxury.’ The bank’s researchers say those that are opting to work from home should pay a 5% tax to support those who ...
The Mississippi State Tax Commission levied a tax upon Complete Auto "for the privilege of engaging or continuing in business or doing business" [1] in the state of Mississippi. [2] The Court refers to the tax as a "sales tax"; however, it was a "transaction privilege" or gross receipts tax based on Complete Auto's gross receipts.