All businesses that are licensed with the Arizona Department of Revenue (DOR) are required to renew their Transaction Privilege Tax (TPT) license by January 1, 2020. The DOR has announced that it will send renewal letters to businesses in November. Before renewing a license, the DOR encourages businesses to update and verify their account information through www.AZTaxes.gov. Note that an e-signature PIN is required to make changes. Arizona TPT licenses are valid for one calendar year, from January 1 through December 31. If a business or a location is closed, the license must be cancelled to avoid the renewal requirement as well as applicable fees and penalties. Arizona state law requires taxpayers with multiple business locations to renew their TPT license electronically. The DOR encourages taxpayers to enroll to file and pay online via the AZtaxes.gov website. The DOR also notes that Arizona’s economic and marketplace nexus provisions went into effect on October 1, 2019 and that out-of-state businesses are required to renew their TPT licenses if they meet the thresholds for sales to customers in Arizona in either the current or prior calendar year. For more information on the economic and marketplace provisions and applicable thresholds, visit Arizona Enacts Economic and Marketplace Nexus Legislation. (Arizona Department of Revenue, News and Announcements, October 17, 2019)