Post by Logan on Apr 3, 2017 3:25:36 GMT -6
A Southeast Arizona electric cooperative remains on the hook for more than $7 million in taxes to the state.
The Arizona Court of Appeals on Tuesday rebuffed arguments by the Arizona Electric Power Cooperative that it need not pay the state’s use tax on coal and natural gas it purchases from out-of-state suppliers. That means the co-op — and its customers — will not get back the nearly $7.3 million paid between 2003 and 2010.
Potentially more significant, it also means the co-op remains liable for the taxes on its purchases since then and into the future.
-snip-
At issue is applicability of Arizona’s use tax. This is the equivalent of the state’s sales tax.
Read more: azcapitoltimes.com/news/2017/03/28/court-rejects-power-co-ops-appeal-for-7-million-tax-refund/
The Arizona Court of Appeals on Tuesday rebuffed arguments by the Arizona Electric Power Cooperative that it need not pay the state’s use tax on coal and natural gas it purchases from out-of-state suppliers. That means the co-op — and its customers — will not get back the nearly $7.3 million paid between 2003 and 2010.
Potentially more significant, it also means the co-op remains liable for the taxes on its purchases since then and into the future.
-snip-
At issue is applicability of Arizona’s use tax. This is the equivalent of the state’s sales tax.
Read more: azcapitoltimes.com/news/2017/03/28/court-rejects-power-co-ops-appeal-for-7-million-tax-refund/