This bill proposes to amend sections 42-5061 and 42-5159 of the Arizona Revised Statutes, specifically updating the definition of taxable items related to transaction privilege and use tax. The current law includes pipes or valves used to transport various substances, but the bill adds "wastewater" to the list of substances that can be transported by these pipes or valves. This insertion broadens the scope of the existing statute to include wastewater alongside oil, natural gas, artificial gas, water, and coal slurry.

Additionally, the bill specifies that the new provisions will apply to taxable periods beginning on or after the first day of the month following the general effective date of the act. This ensures that the updates will not take effect retroactively, providing clarity on when the changes will be applicable. Overall, the bill modernizes the statute to reflect current practices in the transportation of wastewater.

Statutes affected:
Introduced Version: 42-5061, 42-5159, 42-5156, 23-501, 36-1901, 28-5201, 42-5074, 42-6017, 88-525, 95-627, 99-661, 111-296, 28-5739, 28-8344, 42-5001, 42-5075, 42-5009, 28-2154, 28-2154.01, 42-5073, 3-311, 46-191, 36-551, 41-3201, 41-1514.02, 1-215, 49-426, 49-480, 41-1516, 44-1771, 42-5014, 42-5063, 45-604, 28-1171, 104-104, 41-1519, 44-1302, 42-5064, 42-5029, 42-5032.01