Bill > HB2786

This bill amends Arizona law to exempt the rental or lease of textbooks by educational institutions from the transaction privilege tax (TPT), which is a state sales tax. Specifically, it adds a new exemption under the personal property rental classification, which covers businesses that rent or lease tangible items. This exemption applies to educational institutions that offer associate or baccalaureate degrees in aviation or aerospace-related fields and are leasing or renting aircraft, flight simulators, or similar training equipment to students or staff. The bill also clarifies that this exemption is for taxable periods beginning on or after the first day of the month following the bill's general effective date.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/84627