The recently enacted HB 2324 (Laws 2013, ch. 27) amends A.R.S. § 42-5069 and A.R.S. § 42-6004 to create an exemption from taxation under the commercial lease classification for leases of real property between affiliated companies, businesses, persons, or reciprocal insurers.
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Friday, July 5, 2013
In response to the effects of the Doce and Yarnell Hill fires, the Arizona Department of Revenue (DOR) will grant administrative relief to taxpayers. Explaining the reason for the policy, DOR Director John Greene said dealing with the disaster is the number one priority and the goal is to alleviate any tax concerns of anyone affected by these tragedies.
Tuesday, May 21, 2013
Effective June 1, 2013: The Temporary Tax passed by voters in 2010 expires on May 31, 2013. The current state rate of 6.6 percent on most transactions decreases to 5.6 percent beginning June 1, 2013. The state rate for Transient Lodging will decrease from 6.5 percent to 5.5 percent.