AZ SB1327

Repeals transaction privilege tax (TPT) exemptions for sales of warranty/service contracts and renumbers subsequent exemption paragraphs in sections 42-5061, 42-5064, 42-5071, 42-5072, 42-5075, and 42-5159.

Updates references throughout the tax code to reflect the removal of the warranty/service contract exemption, affecting multiple business classifications including retail, telecommunications, personal property rental, mining, and prime contracting.

Modifies sections 28-2154.01 and 42-5009 related to nonresident vehicle registration permits and tax certificate procedures to align with renumbered exemption paragraphs.

Adjusts section 42-5008.01 regarding liability for tax on purchases by contractors and subcontractors to reference the updated exemption paragraph numbering.

Requires a two-thirds affirmative vote in both houses of the legislature for enactment, with immediate effectiveness upon the governor's signature.