2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-11103 Exemption for government bonded indebtedness; application of procedural provisions


AZ Rev Stat § 42-11103 (through 1st Reg Sess 51st Leg. 2013) What's This?

42-11103. Exemption for government bonded indebtedness; application of procedural provisions

A. Public debts as evidenced by the bonds of this state, counties, municipalities and other political subdivisions are exempt from taxation.

B. Article 4 of this chapter does not apply to the exemption from taxation for public debts that are evidenced by bonds.

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