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the Arizona Revised Statutes
2012 Arizona Revised Statutes
Title 28 Transportation
28-7513 Taxation exemption
Universal Citation:
AZ Rev Stat § 28-7513 (through 2nd Reg Sess. 50th Leg. 2012)
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28-7513. Taxation exemption
The board is regarded as performing a governmental function in carrying out the purposes of this article and is not required to pay taxes or assessments on any of the property acquired or constructed for these purposes or on the activities of the board in maintaining and caring for the real property or in the revenues derived from the real property. The bonds, their transfer and the income from the bonds are at all times free from taxation in this state.
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