Arizona's sales and use tax exemptions for cash equivalents (like gift cards), precious metal bullion and monetized bullion no longer say they apply only to sales to, or purchases by, the "ultimate consumer"; the rest of the bill fixes cross-references and wording.
Official title: tax corrections act of 2026
- September 12, 2026
What changes
BeforeThe retail sales tax did not apply to sales of cash equivalents, precious metal bullion and monetized bullion "to the ultimate consumer."
NowThe retail sales tax does not apply to sales of cash equivalents, precious metal bullion and monetized bullion, with no "ultimate consumer" limit. Coins sold to be made into jewelry or art, and using a cash equivalent to pay for taxable goods or services, are still taxed.
BeforeThe use tax did not apply to cash equivalents, precious metal bullion and monetized bullion "purchased by the ultimate consumer."
NowThe use tax does not apply to cash equivalents, precious metal bullion and monetized bullion, with no "ultimate consumer" limit. The same exceptions for coins made into jewelry or art and goods bought by redeeming a cash equivalent still apply.
Who it affects
- Businesses that sell or buy precious metal bullion, monetized bullion (coins used as money) or cash equivalents such as gift cards, money orders and traveler's checks
- Arizona Department of Revenue
What you need to do
Nothing.
What the law doesn't answer
- Why the "ultimate consumer" limit was removed
- Which sales or purchases were taxed before that will not be taxed now
- Any estimated effect on state or local tax revenue
- Whether the change applies to any sales made before the effective date
This summary describes the law as enacted. Later laws, court rulings or referendum petitions can change the picture. Check the official text for the current wording.