AZ SB1330

Adds a new exemption to Arizona's transaction privilege tax (TPT) for machinery and equipment used directly and primarily for watering livestock by persons engaged in commercially producing livestock in this state.

The exemption applies to both the retail classification (section 42-5061) and the use tax classification (section 42-5159), as well as to persons representing or working on behalf of livestock producers in a manner described in section 42-5075, subsection O.

The bill amends two versions of section 42-5061 to account for different prior legislative amendments, adding the livestock watering equipment exemption as paragraph 22 in subsection B.

Applies to taxable periods beginning from and after December 31, 2021.

Contains a conditional enactment provision making section 42-5061 effective only upon the occurrence of a condition prescribed in Laws 2018, chapter 263, section 5.