Arizona § 42-5008 - Levy of tax; purposes; distribution
Full text of Arizona Arizona Revised Statutes § 42-5008 — Levy of tax; purposes; distribution, with citation guidance and answers to common questions.
§ 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".
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-5008
What does Arizona Revised Statutes § 42-5008 cover?
Section 42-5008 ("Levy of tax; purposes; distribution") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 42-5008?
A common citation format is "Arizona Revised Statutes § 42-5008" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 42-5008 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.