Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-11124
Exemption for possessory interests for educational or charitable activities
Official textazleg.gov
42-11124 . Exemption for possessory interests for educational or charitable activities A possessory interest consisting of property or improvements pursuant to a lease from this state or a political subdivision of this state is exempt from taxation if it is used by an association or institution that meets all of the following requirements:
# 1.
The purpose of the association or institution is educational or charitable activities.
# 2.
Its annual gross revenues do not exceed fifty thousand dollars.
# 3.
It is not operated for profit.
# 4.
It is recognized under section 501(c)(3) of the internal revenue code.
Source: view the official text
In this chapter (40 sections)
- 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…
- 42-11132.2 · Property leased to veterans' organization; definition
- 42-11133 · Exemption for affordable housing projects; definition
- 42-11151 · Procedure, affidavits and forms
- 42-11152 · Affidavit; electronic submission; acknowledgment of receipt;…
- 42-11153 · Deadline for filing affidavit
- 42-11154 · Establishing nonprofit status
- 42-11155 · Property owned by charitable institutions but used for other…