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Transaction Privilege Tax
Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee. The seller/lessor may pass the burden of the tax on to the purchaser/lessee, but the seller or lessor is the party that remains ultimately liable to Arizona for the tax. TPT is imposed under 16 separate business classifications: amusement, commercial lease, job printing, membership camping, mining, owner builder sales, personal property rental, pipeline, prime contracting, private car line, publication, restaurant, retail, telecommunications, transient lodging, transporting, and utilities. (Effective November 1, 2006, the Arizona State Legislature repealed the membership camping classification statute, reducing the total number of tax classifications from 17 to 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Receipts Tax
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is often compared to a sales tax; the difference is that a gross receipts tax is levied upon the seller of goods or services, while a sales tax is nominally levied upon the buyer (although both are usually collected and paid to the government by the seller). This is compared to other taxes listed as separate line items on billings, are not directly included in the listed price of the item, and are not a factor in markup or profit on company sales. A gross receipts tax has a pyramid effect that increases the actual taxable percentage as it passes through the product or service lifecycle. Another pyramid effect of the tax comes from the fact that such a tax by definition is levied against itself (in the sense that a business subject to a gross receipts tax will raise its prices to compensate, which in turn increases its gross revenue, which in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arizona
Arizona is a U.S. state, state in the Southwestern United States, Southwestern region of the United States, sharing the Four Corners region of the western United States with Colorado, New Mexico, and Utah. It also borders Nevada to the northwest and California to the west, and shares Mexico-United States border, an international border with the Mexican states of Sonora and Baja California to the south and southwest. Its Capital city, capital and List of largest cities, largest city is Phoenix, Arizona, Phoenix, which is the most populous state capital and list of United States cities by population, fifth most populous city in the United States. Arizona is divided into 15 List of counties in Arizona, counties. Arizona is the list of U.S. states and territories by area, 6th-largest state by area and the list of U.S. states and territories by population, 14th-most-populous of the 50 states. It is the 48th state and last of the contiguous United States, contiguous states to be a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales Taxes In The United States
Sales taxes in the United States are Taxes in America, taxes placed on the sale or lease of goods and services in the United States. Sales tax is governed at the state level and no national general sales tax exists. 45 states, the District of Columbia, the territories of Puerto Rico, and Guam impose general sales taxes that apply to the sale or lease of most goods and some services, and states also may levy selective sales taxes on the sale or lease of particular goods or services. States may grant local governments the authority to impose additional general or selective sales taxes. As of 2017, 5 states (Alaska, Delaware, Montana, New Hampshire and Oregon) do not levy a statewide sales tax. Louisiana ranks as the state with the highest sales tax. Residents in some areas face a 12% sales tax Laws vary widely as to what goods are subject to tax. For instance, some US states such as Tennessee, Idaho or Mississippi tax Grocery store, groceries, Feminine hygiene, feminine h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales
Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. A period during which goods are sold for a reduced price may also be referred to as a "sale". The seller, or the provider of the goods or services, completes a sale in an interaction with a ''buyer'', which may occur at the point of sale or in response to a purchase order from a customer. There is a passing of title (property or ownership) of the item, and the settlement of a price, in which agreement is reached on a price for which transfer of ownership of the item will occur. The ''seller'', not the purchaser, typically executes the sale and it may be completed prior to the obligation of payment. In the case of indirect interaction, a person who sells goods or service on behalf of the owner is known as a salesman or saleswoman or salesperson, but this often refers to someone selling goods in a store/shop, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leasing
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arizona State Legislature
The Arizona State Legislature is the state legislature of the U.S. state of Arizona. It is a bicameral legislature that consists of a lower house, the House of Representatives, and an upper house, the Senate. Composed of 90 legislators, the state legislature meets in the Capitol Complex in the state capital of Phoenix. Created by the Arizona Constitution upon statehood in 1912, the Arizona State Legislature met biennially until 1950. Since then they meet annually. The state is divided into 30 legislative districts, each of which elects one senator and two representatives. Legislators are term-limited to eight consecutive years in office, but can run again after two years, or run for a seat in the other house. Republicans have narrow majorities in the House and Senate, and all 90 seats of the Legislature are up for re-election on November 3, 2026. History Pre-statehood Congress formed the New Mexico Territory in 1850, consisting of the land that is now Arizona north of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
County (United States)
In the United States, a county or county equivalent is an Administrative division, administrative subdivision of a U.S. state, state or territories of the United States, territory, typically with defined geographic Border, boundaries and some level of governmental authority. The term "county" is used in 48 states, while Louisiana and Alaska have functionally equivalent subdivisions called List of parishes in Louisiana, parishes and List of boroughs and census areas in Alaska, boroughs, respectively. Counties and other local governments in the United States, local governments exist as a matter of U.S. state law, so the specific governmental powers of counties may vary widely between the states, with many providing some level of services to civil townships, Local government in the United States, municipalities, and Unincorporated area#United States, unincorporated areas. Certain municipalities are List of U.S. municipalities in multiple counties, in multiple counties. Some municip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City
A city is a human settlement of a substantial size. The term "city" has different meanings around the world and in some places the settlement can be very small. Even where the term is limited to larger settlements, there is no universally agreed definition of the lower boundary for their size. In a narrower sense, a city can be defined as a permanent and Urban density, densely populated place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, Public utilities, utilities, land use, Manufacturing, production of goods, and communication. Their density facilitates interaction between people, government organisations, government organizations, and businesses, sometimes benefiting different parties in the process, such as improving the efficiency of goods and service distribution. Historically, city dwellers have been a small proportion of humanity overall, bu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales Tax
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the Tax exemption, exemption of certain goods or services from sales and use tax, such as food, education, and medicines. A value-added tax (VAT) collected on goods and services is related to a sales tax. See Value-added tax#Comparison with sales tax, Comparison with sales tax for key differences. Types Conventional or retail sales tax is levied on the sale of a good to its final good, final end-user and is charged every time that item is sold retail. Sales to businesses that later resell the goods are not charged the tax. A purchaser who is not an end-user is usually issued a "resale certificate" by the taxing authority and required to provide the cer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In Arizona
The Economy of Arizona had a total gross state product $508billion in 2023. The composition of the state's economy is moderately diverse; although health care, transportation and the government remain the largest sectors. Arizona's per capita income was $61,652 in 2023, ranking 33rd in the U.S. The state had a median household income of $74,568, making it 19th in the country and just below the U.S. national mean. Early in its history, Arizona's economy relied on the "five C's": copper (see ''Copper mining in Arizona''), cotton, cattle, citrus, and climate (tourism). Copper is still extensively mined from many expansive open-pit and underground mines, accounting for two-thirds of the nation's output. Employment Total employment 2016 *2,379,409 Total employer establishments 2016 *139,134 The state government is Arizona's largest employer, while Banner Health is the state's largest private employer, with over 39,000 employees (2016). , the state's unemployment rate was 5.4%. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
