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News Release: ARIZONA DEPARTMENT OF REVENUE ENCOURAGING RESIDENTIAL PROPERTY OWNERS TO SIGN UP FOR TPT
The Arizona Department of Revenue (ADOR) continues to complete full implementation of Transaction Privilege Tax (TPT) simplification, becoming the single point of administration and collection of state and city taxes for all business and residential rental owners in the state at the start of 2017.
All TPT activity is now remitted to the department beginning with the January 2017 activity that is filed in February on one return. Prior to January 1, 2017, businesses may have filed two or more TPT returns, one with the ADOR and another with the city or cities where the taxable activity occurred.