Statutes, codes, and regulations
Arizona Administrative Code
Title 15 - REVENUEChapter 5 - Department of Revenue - Transaction Privilege and Use Tax Section
Article 1 - RETAIL CLASSIFICATION
Section R15-5-132 - Retail Sales with Trade-ins

Ariz. Admin. Code § 15-5-132

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Current through Register Vol. 30, No. 50, December 13, 2024
Section R15-5-132 - Retail Sales with Trade-ins
A. When a retailer accepts tangible personal property as a trade-in for part or full payment on the sale of tangible personal property, the dollar amount of the payment represented by the trade-in is deductible from the retailer's gross receipts from that sale.
B. A trade-in deduction shall be limited to the amount of the retailer's gross receipts on that sale.
C. When the property traded in is subsequently sold at retail, the gross receipts from the transaction are taxable.

Ariz. Admin. Code § R15-5-132

Renumbered from R15-5-1818 and amended effective August 9, 1993 (Supp. 93-3).