Arizona 2022 Regular Session

Arizona House Bill HB2368

Caption

TPT; exemption; firearm storage devices

Impact

The amendment aims to redefine the fiscal landscape for businesses selling firearm storage devices by exempting them from transaction privilege tax. This change not only applies to retailers but also potentially impacts local government tax revenues, which might see a decrease due to the exemption. Similar legislation in other states has shown a trend towards more stringent firearm safety laws and can encourage responsible ownership, making Arizona’s laws more aligned with increasing public awareness about firearm safety.

Summary

House Bill 2368 focuses on amending sections of the Arizona Revised Statutes pertaining to transaction privilege tax (TPT). The bill introduces an exemption specifically for the sale of safe firearm storage devices. The primary objective is to encourage the responsible storage of firearms by ensuring that individuals can purchase these safety devices without the burden of additional taxes, which proponents argue is a significant step towards enhancing public safety and reducing accidental firearm incidents in the state.

Contention

Notably, discussions surrounding HB 2368 might revolve around the balance between promoting gun ownership and ensuring public safety. Supporters of the bill highlight the benefits of incentivizing safe firearm storage, whereas opponents may argue about potential loopholes that could arise from tax exemptions on firearm-related products. The bill can also bring forth debates on the appropriateness of offering tax relief for products associated with firearms, especially in light of ongoing discussions around gun control and public safety measures.

Companion Bills

No companion bills found.

Previously Filed As

AZ HB2224

TPT; exemption; firearm storage devices

AZ SB1620

TPT; exemption; motor vehicles

AZ HB2189

TPT; use tax; exemption; aviation

AZ HB2594

TPT; prime contracting; exemption; alterations

AZ SB1556

TPT; administration; remote sellers

AZ SB1418

Firearms; destruction by state

AZ HB2534

Native American tribes; TPT collection

AZ HB2416

TPT; prime contracting; senior housing

AZ HB2233

Firearms; ammunition; storage; civil penalty

AZ HB2648

Condominiums; planned communities; lien; assessment

Similar Bills

AZ SB1599

TPT; use tax; exemption; hydrogen

AZ HB2166

TPT; use tax; exemption; firearms

AZ SB1322

TPT; use tax; hydrogen; exemption

AZ HB2534

TPT; diapers; feminine hygiene; exemption

AZ SB1085

TPT; use tax; exemption; aviation

AZ SB1539

TPT; exemption; clean rooms

AZ HB2185

TPT; exemption; firearm storage devices

AZ HB2224

TPT; exemption; firearm storage devices