Ariz. Admin. Code § 15-5-106

Current through Register Vol. 30, No. 50, December 13, 2024

Section R15-5-106 - Finance Charges in Connection with Retail Sales

Gross receipts from finance, carrying charges, or interest charges incurred in connection with a retail sale of tangible personal property are not subject to tax if:

1. The charges are separately stated as part of the sales transaction; and

2. The charges result from the sale of such property on credit or under an installment contract.

Ariz. Admin. Code § R15-5-106

Adopted effective August 9, 1993 (Supp. 93-3). Amended by final rulemaking at 12 A.A.R. 4099, effective December 4, 2006 (Supp. 06-4).