Arizona § 5-415 - Excessive gross receipts; change of license class
Full text of Arizona Arizona Revised Statutes § 5-415 — Excessive gross receipts; change of license class, with citation guidance and answers to common questions.
§ 5-415. Excessive gross receipts; change of license class
A. If a licensee's gross receipts exceed the limit set for the licensee's class of license, the licensee:
1. Shall immediately notify the licensing authority that the limit has been exceeded.
2. Shall submit any additional documents and meet any additional requirements for the new class of license applicable to the level of gross receipts.
3. Shall pay to the licensing authority the fee for the appropriate class of the license less the amount originally submitted for the previous class of the license.
4. Is liable for tax at the rate applicable to the new class of license and shall pay to the licensing authority the tax computed at this higher rate on the gross receipts for the expired portion of the term of the previous license less the taxes previously paid for gross receipts earned during this period.
B. The new class of license shall be issued for the remainder of the term of the previous license. At the expiration of this term the licensee may renew its new class of license or apply for another class of license if it has a good faith belief that it will qualify for the other class of license.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 5-415
What does Arizona Revised Statutes § 5-415 cover?
Section 5-415 ("Excessive gross receipts; change of license class") 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 § 5-415?
A common citation format is "Arizona Revised Statutes § 5-415" (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 § 5-415 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.