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AZ HB2102

Bill

Official Source

Status

Introduced

1/10/2012

Primary Sponsor

Steve Court

Click for details

Origin

House of Representatives

Fiftieth Legislature - Second Regular Session (2012)

AI Summary

  • Amends Arizona Revised Statutes Section 35-741 regarding tax exemptions for industrial development bonds and corporation income.

  • Changes the phrase "upon" to "on" and "which" to "that" for grammatical consistency in the statute.

  • Clarifies that property leased to persons qualified for exemption under Article IX, Section 2 of the Arizona Constitution shall not be subject to ad valorem tax.

  • Specifies that no ad valorem tax charges shall be imposed on property of the corporation when leased to tax-exempt entities.

Legislative Description

Tax exemption; technical correction

Last Action

Introduced

1/10/2012

Full Bill Text

No bill text available