2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-5008 Levy of tax; purposes; distribution
42-5008. Levy of tax; purposes; distribution
A. There is levied and there shall be collected by the department, for the purpose of raising public money, privilege taxes measured by the amount or volume of business transacted by persons on account of their business activities, and in the amounts to be determined by the application of rates against values, gross proceeds of sales or gross income, as the case may be, as prescribed by this article and article 2 of this chapter.
B. If any monies remain after the payments are made for state purposes, as provided for by subsection A, the remainder of the monies shall be paid into the state school fund for educational purposes.
C. The tax levied by and collected pursuant to this article and article 2 of this chapter is designated the " transaction privilege tax" .
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