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ADOR is aware that some small business income taxpayers received a billing notice even though their overpayment individual income tax return is larger than the tax due small business income return. Please be advised that the Department is working to resolve the issue as soon as possible.

Customer Notice: To schedule an appointment, please contact us at [email protected].

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N

*This information is for Model City Tax Code purposes only

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Model City Tax Code

 

Local Option N

Exempt the fair market value of land from gross income of speculative builders.  Replace, IN LIEU OF LOCAL OPTION #M, Sec. ___-416(b)(2) with:

(2) Fair market value of land.  Gross income from the sale of improved real property shall not include the "fair market value" of the land which is included in the real property sold, when a charge for such land is included in the total selling price of the real property sold.

(A) Except as provided in Subsection (b)(2)(B) below, the taxpayer must document such "fair market value" to the satisfaction of the Tax Collector, and maintain and provide such documentation upon demand in addition to and in like manner to the books and records required in Article III.

(B) In lieu of the documented fair market value of land allowed in Subsection (b)(2)(A) above, an amount equal to twenty percent (20%) of the total selling price may be used to estimate the "fair market value" of land.

 

<Back to Options by City

Show Low

Show Low Transaction Privilege Tax Rates

City/town name: show low                    city code: sl   business code tax rate
  • Read more about Show Low

Bullhead City

Bullhead City Transaction Privilege Tax & Use Tax Rates

City/town name:bullhead city  City code: bh

  • Read more about Bullhead City

Prescott Valley

Prescott Valley Transaction Privilege Tax & Use Tax Rates

City/town name:  prescott valley        city code: pl business code tax rate
  • Read more about Prescott Valley

Prescott

Prescott Transaction Privilege Tax & Use Tax Rates

City/town name: Prescott              city code: pr business code tax rate
  • Read more about Prescott

Pinetop-Lakeside

Pinetop-Lakeside Transaction Privilege Tax Rates

City/town name:                          pinetop-lakeside                                city code: pp    business code tax rate
  • Read more about Pinetop-Lakeside

Parker

Parker Transaction Privilege Tax Rates

City/town name: parker            city code: pk  business code tax rate
  • Read more about Parker

Mammoth

Mammoth Transaction Privilege Tax & Use Tax Rates

City/town name:Mammoth  city code: mh   business code tax rate
  • Read more about Mammoth
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Cities/Towns that have adopted this Option:
Bullhead City
Camp Verde
Douglas
Kingman
Lake Havasu City
Mammoth
Parker
Pima
Pinetop-Lakeside
Prescott
Prescott Valley
Quartzsite
Safford
Sedona
Show Low
Taylor
Willcox
Arizona
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Arizona Department of Revenue
(602) 255-3381
1600 West Monroe Street
Phoenix, AZ 85007
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