The Arizona Department of Revenue has reminded businesses that the due date to renew Arizona transaction privilege tax (TPT) licenses is January 1, 2017. Arizona TPT licenses are valid for one calendar year, from January 1 through December 31. The cost is $12 for a new TPT license plus applicable city fees of up to $50 per jurisdiction. There is no renewal fee for the state license. The Arizona DOR encourages businesses to register at its website to renew their TPT license and pay their account. Due to the new Centralized Licensing and Reporting provisions, if a business previously used a TPT license number issued by a non-program city, that license number is no longer valid after December 31, 2016. Failure to renew a TPT license may result in penalties. Taxpayers with multiple business locations are required to file their TPT returns electronically.The requirement for an annual renewal also results in the need to issue and accept exemption certificates annually. (News Release, Arizona Department of Revenue, December 23, 2016)