Bill > HB2826

This bill amends Arizona law to exempt certain prime contracting activities related to irrigation from transaction privilege tax (TPT), which is a tax on the privilege of doing business in Arizona. Specifically, it expands an existing exemption for contracts that prevent, monitor, control, or reduce pollution to also include contracts for improving irrigation efficiency or water conservation. This means that businesses performing work on projects like ditches, canals, or irrigation lines that aim to conserve water or improve how water is used will no longer have to pay TPT on the income derived from those contracts. The bill also clarifies that this exemption applies to contracts entered into with individuals or entities commercially producing livestock, livestock products, or agricultural, horticultural, viticultural, or floricultural crops or products in Arizona.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/84666