Arizona Tax Research Association
The Arizona Republic
Gov. Jan Brewer signed her sales tax reform bill, bringing closure to an issue that has lingered since the governor’s days in the Legislature nearly two decades ago.
At a signing ceremony at the executive tower, Brewer signed HB2111. The bill streamlines several aspects of Arizona’s complicated transaction privilege tax system, eliminating the multiple audits business must submit to and the need to file TPT paperwork with multiple jurisdictions, as well as simplifying the way that service contractors such as plumbers and electricians pay sales taxes on their materials.
At a signing ceremony at the executive tower, Brewer signed HB2111. The bill streamlines several aspects of Arizona’s complicated transaction privilege tax system, eliminating the multiple audits business must submit to and the need to file TPT paperwork with multiple jurisdictions, as well as simplifying the way that service contractors such as plumbers and electricians pay sales taxes on their materials.
The Arizona Repubic
Business owners are celebrating a bill Gov. Jan Brewer signed into law Tuesday that streamlines the sales-tax reporting system in Arizona.
“Thank you for fulfilling my dream of 28 years,” Linda Stanfield, owner of Benjamin Franklin Plumbing, said at a bill-signing ceremony packed with business interests and key lawmakers.
But Stanfield will have to wait another 18 months for that dream to come true: The sales-tax-simplification bill won’t take effect until January 2015.
“Thank you for fulfilling my dream of 28 years,” Linda Stanfield, owner of Benjamin Franklin Plumbing, said at a bill-signing ceremony packed with business interests and key lawmakers.
But Stanfield will have to wait another 18 months for that dream to come true: The sales-tax-simplification bill won’t take effect until January 2015.
Capitol Times
Gov. Jan Brewer and some Arizona lawmakers are determined to pass her plan to simplify the state’s tax code this year, but municipalities are just as determined to delay at least one portion of the governor’s proposal that they argue could do irreparable harm to their finances.
Testimony at the Senate Finance Committee on March 20 on Brewer’s Transaction Privilege Tax reform proposal focused on the need to approve her plan this year. Without it, Arizona won’t be able to abide by the federal Marketplace Fairness Act and begin collecting remote sales taxes from online transactions.
Testimony at the Senate Finance Committee on March 20 on Brewer’s Transaction Privilege Tax reform proposal focused on the need to approve her plan this year. Without it, Arizona won’t be able to abide by the federal Marketplace Fairness Act and begin collecting remote sales taxes from online transactions.
TPT Task Force
PHOENIX – Governor Jan Brewer today appointed members to the Transaction Privilege Tax (TPT)
Simplification Task Force.
The panel, consisting of tax experts, business owners, municipal representatives and others, has been
asked to issue recommendations on how the Arizona sales tax code can be made simpler and easier for
taxpayers to comply with and the State to administer. Arizona’s sales tax system is generally considered
among the nation’s most complex.
The TPT Task Force was established through an Executive Order issued May 11, 2012, the same day
Simplification Task Force.
The panel, consisting of tax experts, business owners, municipal representatives and others, has been
asked to issue recommendations on how the Arizona sales tax code can be made simpler and easier for
taxpayers to comply with and the State to administer. Arizona’s sales tax system is generally considered
among the nation’s most complex.
The TPT Task Force was established through an Executive Order issued May 11, 2012, the same day
The Arizona Republic
Gov. Jan Brewer's staff on Wednesday sketched out a plan to lighten the burden on small business both with tax relief and clearer rules in both the income- and sales-tax codes.
The plan does not call for across-the-board cuts.
Instead, the proposal includes a more generous income-tax exemption for equipment bought by businesses and a promise to simplify the state's sales-tax code.
Although Brewer's goal is to help small business, many of the changes would benefit companies of all sizes.
The plan does not call for across-the-board cuts.
Instead, the proposal includes a more generous income-tax exemption for equipment bought by businesses and a promise to simplify the state's sales-tax code.
Although Brewer's goal is to help small business, many of the changes would benefit companies of all sizes.
The Arizona Republic
For the better part of the past decade, the Arizona state budget has been on a historic roller coaster. Significant budget increases between 2003 and 2008 were followed by a recession that stripped 35 percent of the revenue from the state general fund.
The good news is that the fiscal 2012 state budget is the first structurally balanced budget in four years. The bad news is that it contains roughly $950 million in temporary sales-tax revenue that will be gone after fiscal 2013.
The good news is that the fiscal 2012 state budget is the first structurally balanced budget in four years. The bad news is that it contains roughly $950 million in temporary sales-tax revenue that will be gone after fiscal 2013.
Arizona Horizona
Arizona Tax Research Association Director Kevin McCarthy offers his perspective on revenue options available to lawmakers as they look for ways to balance the current year state budget.
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