sales tax exemption;
pallets; containers.
W/D |
Committee on Commerce & Economic Development |
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DP |
Committee on Natural Resources & Agriculture |
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x |
Caucus and COW |
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As Passed the House |
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SB 1122 exempts reusable or returnable pallets and containers used for agricultural, dairy or livestock products from the transaction privilege and use tax.
Arizona does not have a traditional "sales tax" where the tax is imposed on the buyer for purchases of goods and services. Rather, a transaction privilege tax is levied against the seller or vendor who conducts business in the state. The transaction privilege tax has several classifications, including retail and personal property rentals.
Arizona’s use tax captures revenue from tangible personal property purchased in other states and brought into Arizona for storage, use or consumption.
A fiscal note has been prepared on this bill.
· Provides an exemption from the use tax and retail and personal property rental classifications of the transaction privilege tax for reusable or returnable pallets and containers used to transport, store or carry products of:
· Contains a delayed effective date for taxable periods beginning October 1, 2001.