AZ HB2679

Amends Arizona transaction privilege tax (retail) and use tax statutes to create a tax exemption for tangible personal property manufactured or assembled in Arizona.

Exempts from retail tax the gross proceeds of sales of tangible personal property manufactured or assembled in Arizona and ingredient or component parts of products manufactured or assembled in Arizona.

Exempts from use tax the storage, use, or consumption of tangible personal property manufactured or assembled in Arizona and ingredient or component parts of products manufactured or assembled in Arizona.

Modifies sections 42-5061 and 42-5159 of the Arizona Revised Statutes to implement these "Made in Arizona" tax exemptions for transaction privilege and use tax purposes.