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AZ HB2368
Bill
Status
1/24/2022
Primary Sponsor
Jennifer Longdon
Click for details
AI Summary
HB2368 Summary
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Adds an exemption from transaction privilege tax (TPT) for sales of safe firearm storage devices, effective for taxable periods beginning after the first day of the month following the bill's enactment.
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Defines "safe firearm storage devices" as devices designed and marketed to deny unauthorized access to or render inoperable a firearm or ammunition, secured by combination lock, key lock, or biometric lock.
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Excludes from the exemption any device incorporated into a firearm or ammunition design, and any device subject to a mandatory recall by the U.S. Consumer Product Safety Commission.
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Applies the same exemption to use tax under section 42-5159 for consistency between retail and use tax treatment.
Legislative Description
TPT; exemption; firearm storage devices
Use Tax
Last Action
House read second time
1/25/2022