ARIZONA HOUSE OF REPRESENTATIVES

57th Legislature, 2nd Regular Session

Majority Research Staff

House: WM DP 8-0-0-1

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note

HB 2786: TPT; exemption; textbook rental

Sponsor: Representative Olson, LD 10

Caucus & COW

Overview

Adds the gross proceeds of sales or gross income derived from the business of leasing or renting textbooks by any bookstore that are required by any state university or community college as a deduction from the tax base for the personal property rental classification.  

History

 The personal property rental classification is comprised of the business of leasing or renting tangible personal property for a consideration. The tax base for the personal property rental classification is the gross proceeds of sales or gross income derived from the business, but specific deductions are allowed. (A.R.S. § 42-5071).

Provisions

1.   Adds the gross proceeds of sales or gross income derived from the business of leasing or renting textbooks by any bookstore that are required by any state university or community college as a deduction from the tax base for the personal property rental classification.  (Sec.1)

2.   Applies to taxable periods on the first of the day of the month following the General Effective date. (Sec.2)

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6.   Initials VP/CS                 HB 2786

7.   1/28/2026  Page 0 Caucus & Cow

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