SB 1120 Summary

• Restricts tax exemptions for nonprofit organizations associated with major league baseball teams and professional golfing associations, allowing exemptions only for organizations that conducted or operated exhibition events in Arizona before January 1, 2018.

• Applies restrictions to transaction privilege tax exemptions across multiple business classifications including retail, restaurant, amusement, and commercial lease activities.

• Extends the restriction to local municipal taxes, preventing cities and towns from providing exemptions to these same organizations unless they had conducted qualifying events before the January 1, 2018 cutoff date.

• Makes changes applicable to prosthetic appliances and durable medical equipment exemptions by updating references to the applicable licensing titles.

• Applies retroactively to all taxable periods beginning from and after December 31, 2017.