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AZ HB2368

Bill

Status

Introduced

1/24/2022

Primary Sponsor

Jennifer Longdon

Click for details

Origin

House of Representatives

Fifty-fifth Legislature - Second Regular Session (2022)

AI Summary

HB2368 Summary

  • 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.

  • 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.

  • 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.

  • 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

Committee Referrals

Rules1/24/2022
Ways and Means1/24/2022

Full Bill Text

No bill text available