- Arizona Transaction Privilege Tax exemption for forklifts used by manufacturers clarified and expanded
- Transaction Privilege Tax (TPT) is Arizona’s equivalent to Sales and Use Tax
- Exemption for manufacturing industry outlined in Ariz. Rev. Stat. Ann. §42-5061(B)(1)
- Lack of guidance on how exemption applies to forklift purchases, leases, repairs, and fuel
- Agile Consulting Group requested clarification from Arizona Department of Revenue in June 2023
- Key takeaways from ruling: 1. Forklifts must meet criteria to qualify for exemption 2. Criteria include direct use in manufacturing and within prescribed boundaries of operations.
Source: taxconnections.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
