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Arizona transaction privilege rate changes
June 2, 2013

Arizona transaction privilege rate changes

Arizona TPT rate changes effective June 1st, 2013

Businesses in Arizona that are required to collect Transaction Privilege Tax (TPT) need to remember to change their tax rates effective June 1st.  The expiration of the temporary tax from 2010 will reduce the Maricopa County tax rate from 7.3% to 6.3%. Business owners using a point of sale system or QuickBooks to automatically calculate the sales tax will need to adjust their software to the correct amount.  Keep in mind in Arizona it is the vendor’s responsibility to charge the appropriate tax rate.

 

For more helpful information visit the sites below-

 

Arizona Bulletin

Arizona TPT rates

Schneider & Stone TPT page

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Author
Ryan Stone

Ryan Stone has been an Enrolled Agent (EA) for 3 years and has worked in the accounting industry for 5 years. He specializes in individual and small business taxes plus tax mitigation.