2016 Arizona Revised Statutes
Title 43 - Taxation of Income
§ 43-1216 Application for reinstatement of tax exempt status
43-1216. Application for reinstatement of tax exempt status
Any organization denied exemption under section 43-1201, paragraph 4 by reason of the provisions of prohibited transactions with respect to any taxable year following the taxable year in which notice of denial of exemption was received may, under regulations prescribed by the department, file claim for exemption. If the department pursuant to such regulations is satisfied that such organization will not knowingly again engage in a prohibited transaction, such organization shall be exempt with respect to taxable years subsequent to the year in which such claim is filed.
Disclaimer: These codes may not be the most recent version. Arizona may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
