Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-11114
Exemption for property held for conveyance as parkland; recapture
42-11114 . Exemption for property held for conveyance as parkland; recapture A. Property that is held by a charitable organization, recognized under section 501(c)(3) of the internal revenue code, for transfer to this state or to a political subdivision of this state to be used as parkland is exempt from taxation if the charitable organization does not receive rent or valuable consideration. B. If property that is exempt under this section is transferred to an entity other than this state or a political subdivision of this state or if the property is used or occupied by or for the benefit of any other person, the charitable organization is liable for all tax, interest and penalties that would be due if the property were not exempt from taxation.
Source: view the official text
In this chapter (40 sections)
- 42-11008 · Validity of assessment despite irregularities in the roll
- 42-11009 · Public access to valuation and assessment information
- 42-11051 · General powers of department relating to property valuation
- 42-11052 · Investigating and prosecuting violations
- 42-11053 · Investigating property valuations
- 42-11054 · Standard appraisal methods and techniques
- 42-11056 · Department records of valuations; notifying department of…
- 42-11101 · Definitions
- 42-11102 · Exemption for government property; application of procedural…
- 42-11103 · Exemption for government bonded indebtedness; application of…
- 42-11104 · Exemption for educational and library property
- 42-11105 · Exemption for health care property
- 42-11106 · Exemption for apartments for elderly residents or residents…
- 42-11107 · Exemption for institutions for relief of indigent or…
- 42-11108 · Exemption for grounds and buildings owned by agricultural…
- 42-11109 · Exemption for religious property; affidavit
- 42-11110 · Exemption for cemeteries
- 42-11111 · Exemption for property; widows and widowers; persons with a…
- 42-11112 · Exemption for observatories
- 42-11113 · Exemption for land and buildings owned by animal control and…
- 42-11114 · Exemption for property held for conveyance as parkland;…
- 42-11115 · Exemption for property held to preserve or protect…
- 42-11116 · Exemption for property of arts and science organizations
- 42-11117 · Exemption for property of volunteer fire departments
- 42-11118 · Exemption for social welfare and quasi-governmental service…
- 42-11119 · Exemption for property of volunteer roadway cleanup and…
- 42-11120 · Exemption for property of veterans' organizations
- 42-11121 · Exemption for property of charitable community service…
- 42-11122 · Exemption for trading commodities
- 42-11123 · Exemption for animal and poultry feed
- 42-11124 · Exemption for possessory interests for educational or…
- 42-11125 · Exemption for inventory, materials and products
- 42-11126 · Exemption for production livestock and animals; definition
- 42-11127 · Exempt personal property
- 42-11128 · Exemption for personal property in transit; violation;…
- 42-11129 · Exemption for property of fraternal societies
- 42-11130 · Exemption for public library organizations
- 42-11131 · Exemption for low-income Indian housing; definitions
- 42-11132 · Property leased to educational institutions
- 42-11132.1 · Property leased to a church, religious assembly or…