HB 2639 Summary

• Extends the transaction privilege tax (TPT) exemption for qualifying equipment purchased by qualified forest products businesses from December 31, 2026 through December 31, 2028.

• Applies to qualifying equipment used for harvesting or processing qualifying forest products removed from qualifying projects as defined in section 41-1516.

• Requires qualified businesses to obtain and present certification from the Arizona commerce authority at the time of purchase to claim the exemption.

• Amends both section 42-5061 (retail classification) and section 42-5159 (use tax exemptions) to reflect the extended deadline.