Arizona Enacts Exemption for Health Sciences Educational Institutions

Tuesday, May 6th, 2014

 
 
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Arizona
General

Arizona recently created an exemption for sales of personal property to a qualifying health sciences educational institution. This exemption will take effect January 1, 2015.

The exemption will apply to all sales of tangible personal property to a qualifying health sciences educational institution. A "qualifying health sciences educational institution" is an entity that (1) is recognized as a nonprofit under section 501(c) of the Internal Revenue Code and (2) that solely provides graduate and postgraduate education in the health sciences. "Health sciences" include medicine, nursing, physician's assistant studies, pharmacy, physical therapy, occupational therapy, biomedical sciences, podiatry, clinical psychology, cardiovascular sciences, nurse anesthesia, dentistry, optometry, and veterinary medicine.

http://www.azleg.gov//FormatDocument.asp?inDoc=/legtext/51leg/2r/bills/hb2701h.htm&Session_ID=112


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