MRRA Tax definition
MRRA Tax means Maintenance, Repair, Replacement and Alteration Tax. Contractors who are engaged by the owners of real property to maintain, repair, replace or alter their property, regardless of the cost, are required to pay all state and local taxes when purchasing material that will be incorporated into a MRRA project base bid. If the project it is an alternation AND the base bid is less than $750,000, it is considered a MRRA project, as outlined by the Arizona Department of Revenue.
MRRA Tax means Maintenance, Repair, Replacement and Alteration Contractors who are engaged by the owners of real property to maintain, repair, replace or alter their property are required to pay all state and local taxes when purchasing material that will be incorporated into an MRRA project when the base bid is less than $750,000, as outlined by the Arizona Depart of Revenue.