Can one of the knowledgeable RDP inmates explain in 'plain English' exactly what "TPT" (Transaction Privilege Tax) is, and do all businesses need a "TPT" number? Asking for a friend. The more I read about it, the more confusing it gets.
in Arizona 2017... for construction trades the law basically eliminated the TPT for contractors. We pay sales tax over the counter for materials now, no more tax exempt at the time of purchased passed on to the customer.
Do you have a reference for this? My parents just got a quote to have a home built on their lot and there was a line item for the transaction privilege tax. It was about 5% of the build cost.