Glossary · Forms & Certificates
Form TPT-2 — Transaction Privilege, Use, and Severance Tax Return
In short
The transaction privilege tax return. A transaction detail page is required with it, and deductions claimed there have to be itemized on Schedule A.
In full
Form TPT-2 is the Transaction Privilege, Use, and Severance Tax Return. It is the taxpayer's own periodic return, filed with the Department rather than given to any counterparty, and it is due the twentieth day of the month following the month in which the transactions were conducted.
It is not a single page. The return prints a warning that a transaction detail page is required or the return will not process correctly and penalties may apply.
The transaction detail page is where the arithmetic happens, one row per region and business code. Gross receipts, less deductions carried from Schedule A, gives net taxable. Net taxable times the rate gives total tax, less the accounting credit gives the tax due. State and county detail and city detail are computed separately and carried to the front page.
Three checkboxes at the top change what the return is: amended return, final return where the license is being canceled, and a box for a taxpayer with no gross receipts to report, which is still signed and filed.
The signature block carries something worth reading before signing. Alongside the taxpayer's declaration under penalties of perjury and the paid preparer's block, the taxpayer designates an individual as the person to contact to schedule an audit of the return, and that designation authorizes the disclosure of confidential information to that individual.
The form is a calculating PDF and allows only one additional page for each city and state. Beyond that, the Department directs the whole return to be filed online.
Arizona Form TPT-2, Transaction Privilege, Use, and Severance Tax Return (ADOR 11249, 5/19)