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2019 Arizona Revised Statutes
Title 43 - Taxation of Income
§ 43-1127 Deferred exploration expenses
Universal Citation: AZ Rev Stat § 43-1127 (2019)
43-1127. Deferred exploration expenses
The amount of exploration expenses added to Arizona gross income pursuant to section 43-1121, paragraph 12 may be subtracted on a ratable basis as the units of produced ores or minerals discovered or explored by reason of such expenditures are sold. An election made for any taxable year shall be binding for that year.
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