The Arizona Together initiative established by Governor Ducey connects individuals and businesses to resources, information, and volunteer opportunities to support Arizonans during the COVID-19 outbreak. Learn more, visit ArizonaTogether.org.
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. At the city level, the Model City Tax Code was amended in accordance with HB 2324 effective July 1, 2013. Therefore, the cities have ceased imposing transaction privilege taxes on leases affected by HB 2324 beginning July 1, 2013. However, at the state and county level, HB 2324 does not take effect until September 13, 2013.