2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-19103 Proration of tax on property that is leased or rented from inventory
42-19103. Proration of tax on property that is leased or rented from inventory
The taxes that are levied on personal property that is periodically leased or rented from the inventory of retailers or wholesalers assessed pursuant to section 42-19005 shall be prorated by three hundred sixty-fifths to be determined by the number of days the property is leased or rented.
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