Transaction privilege tax (original) (raw)
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. The seller/lessor may pass the burden of the tax on to the purchaser/lessee, but the seller or lessor is the party that remains ultimately liable to Arizona for the tax. TPT is imposed under 16 separate business classifications: amusement, commercial lease, job printing, membership camping, mining, owner builder sales, personal property rental, pipeline, prime contracting, private car line, publication, restaurant, retail, telecommunications, transient lodging, transporting,
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| dbo:abstract | 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. The seller/lessor may pass the burden of the tax on to the purchaser/lessee, but the seller or lessor is the party that remains ultimately liable to Arizona for the tax. TPT is imposed under 16 separate business classifications: amusement, commercial lease, job printing, membership camping, mining, owner builder sales, personal property rental, pipeline, prime contracting, private car line, publication, restaurant, retail, telecommunications, transient lodging, transporting, and utilities. (Effective November 1, 2006, the Arizona State Legislature repealed the membership camping classification statute, reducing the total number of tax classifications from 17 to 16.) State tax rates for the various classifications are as follows: 5.5% for the transient lodging classification, 3.125% for the mining classification, 0% for the commercial lease classification, and 5.6% for all other tax classifications. Taxes are imposed on the total gross receipts of taxable businesses, with the exception of prime contractors, who are taxed on 65% of their gross receipts. All gross receipts for a person subject to tax under a particular tax classification are subject to tax unless otherwise specifically exempted or excluded by statute. Exemptions and deductions of one tax classification may not be used under another classification unless specifically delineated. (en) |
| dbo:wikiPageExternalLink | http://www.azdor.gov https://web.archive.org/web/20061026015236/http:/az.gov/webapp/portal/displaycontent.jsp%3Fname=county http://www.azleague.org |
| dbo:wikiPageID | 7634506 (xsd:integer) |
| dbo:wikiPageLength | 3912 (xsd:nonNegativeInteger) |
| dbo:wikiPageRevisionID | 854675120 (xsd:integer) |
| dbo:wikiPageWikiLink | dbc:Sales_taxes dbr:County_(United_States) dbr:Sales dbc:Taxation_in_Arizona dbr:Arizona dbr:Arizona_State_Legislature dbr:Tax dbr:Sales_taxes_in_the_United_States dbr:City dbr:Gross_receipts_tax dbr:Sales_tax dbr:Leasing |
| dbp:wikiPageUsesTemplate | dbt:Reflist dbt:UStaxation |
| dcterms:subject | dbc:Sales_taxes dbc:Taxation_in_Arizona |
| rdf:type | yago:WikicatSalesTaxes yago:Abstraction100002137 yago:Charge113400798 yago:Excise113316332 yago:IndirectTax113313899 yago:Levy113308864 yago:Liabilities113396054 yago:Possession100032613 yago:Relation100031921 yago:SalesTax113316568 yago:Tax113308999 |
| rdfs:comment | 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. The seller/lessor may pass the burden of the tax on to the purchaser/lessee, but the seller or lessor is the party that remains ultimately liable to Arizona for the tax. TPT is imposed under 16 separate business classifications: amusement, commercial lease, job printing, membership camping, mining, owner builder sales, personal property rental, pipeline, prime contracting, private car line, publication, restaurant, retail, telecommunications, transient lodging, transporting, (en) |
| rdfs:label | Transaction privilege tax (en) |
| owl:sameAs | freebase:Transaction privilege tax wikidata:Transaction privilege tax https://global.dbpedia.org/id/fbiZ yago-res:Transaction privilege tax |
| prov:wasDerivedFrom | wikipedia-en:Transaction_privilege_tax?oldid=854675120&ns=0 |
| foaf:isPrimaryTopicOf | wikipedia-en:Transaction_privilege_tax |
| is dbo:wikiPageDisambiguates of | dbr:TPT |
| is dbo:wikiPageWikiLink of | dbr:Privilege_tax dbr:TPT dbr:Albert_Hale dbr:Arizona dbr:Economy_of_Arizona dbr:Sales_taxes_in_the_United_States |
| is foaf:primaryTopic of | wikipedia-en:Transaction_privilege_tax |