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Transaction privilege tax (TPT) refers to a gross receipts tax levied by the state of Arizona on certain persons for the privilege of conducting business in the state. TPT differs from the "true" sales tax imposed by many other U.S. states as it is imposed upon the seller or lessor rather than the purchaser or lessee.
Learn how to claim a vehicle sales tax deduction and lessen your tax burden. Find out who qualifies and how you can claim and calculate your deduction.
When buying an automobile, if one trades in a car, the state deducts the price of the trade when calculating the sales tax to be paid on the automobile (e.g., purchasing a $40,000 car, and trading a $10,000 car, a person would be taxed on the difference of $30,000 only, not the full amount of the new vehicle).
The Motor Vehicle Division (MVD) is responsible for driver licensing and vehicle registration. It has 1600 employees and an annual operating budget of $72 million. Currently it is headed by ADOT Assistant Director Eric Jorgensen. [1] As of FY 2023, the MVD has 7,969,576 license plates registered with the department. [5]
Arizona’s car insurance laws are similar to many other states and include: Proof of insurance: In Arizona, all drivers are required to carry auto insurance and keep proof of insurance ...
There are different ad valorem taxes and they are based in some cases on the ownership of real assets ( i.e. property tax), or alternatively they can be "transactional taxes": example is a sales tax. Property taxes usually are determined and collected with annual incidence, while transactional taxes take places at the time when the transaction ...
In Arizona, the license plate belongs to the vehicle owner. This allows for the transfer of a plate from one vehicle to another. [1] The current design was introduced in 1996 and was designed by Walter Punzmann. [2]
The Arizona Revised Statutes (ARS) is the name given to the statutory laws in the U.S. state of Arizona. The ARS went into effect on January 9, 1956. [1] It was most recently updated in the second regular session of the 55th legislature. There are 49 titles, although three have been repealed.