Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-14253
Annual report for purposes of determining valuation; failure to file; penalty; forfeiture of appeal rights
42-14253 . Annual report for purposes of determining valuation; failure to file; penalty; forfeiture of appeal rights A. On or before April 1 of each year each company that operates in air commerce in this state shall file a report with the department under oath stating specifically the information prescribed by the department to allow it to determine the valuation required by this article. The department shall consider the information in the report in determining the valuation under this article, but that information is not conclusive. B. On written request and for good cause shown, the director may extend the time for filing the report required by this section. C. If a company that operates in air commerce fails to file the report on or before April 1 of the valuation year, or the extended due date if an extension is granted, the department shall:
# 1.
Estimate the value of the property based on one hundred five per cent of the preceding year's full cash value or on any information that is available to the department.
# 2.
Also assess a penalty in the amount of the lesser of:
# (a)
One-half of one per cent of the value that is estimated by the department.
# (b)
One hundred dollars per day for each day the company fails to file the report beyond the due date. D. If the report is not filed by May 20 of the valuation year, the company forfeits its right to appeal the valuation and classification pursuant to section 42-14005.
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In this chapter (40 sections)
- 42-14103 · Annual report for determining valuation; violation;…
- 42-14104 · Determining and reporting valuation
- 42-14105 · Basis for valuing producing oil, gas and geothermal resource…
- 42-14106 · Separate listing, assessment and taxation
- 42-14151 · Annual determination of valuation; definition
- 42-14152 · Annual report for determining valuation; failure to file;…
- 42-14153 · Determining and reporting valuation
- 42-14154 · Computing valuation of electric transmission, electric…
- 42-14155 · Valuation of renewable energy and storage equipment;…
- 42-14156 · Computing valuation of electric generation facilities;…
- 42-14157 · Allocation of electric transmission, distribution and…
- 42-14158 · Existing generation facilities; computing adjusted original…
- 42-14159 · Computing valuation of distribution cooperatives; standard…
- 42-14201 · Annual determination of valuation
- 42-14202 · Annual report for determining valuation; failure to file;…
- 42-14203 · Determining and reporting valuation
- 42-14204 · Computing valuation of pipelines; definitions
- 42-14205 · Adjustments to base value to reflect market value
- 42-14251 · Definitions
- 42-14252 · Annual determination of valuation
- 42-14253 · Annual report for purposes of determining valuation; failure…
- 42-14254 · Determination of value
- 42-14255 · Assessment, levy and collection of tax; limitation on small…
- 42-14256 · Administrative review and appeal
- 42-14257 · Debt; lien
- 42-14301 · Definitions
- 42-14302 · Situs and valuation of cars for tax purposes
- 42-14303 · Annual statement
- 42-14304 · Failure to make annual statement; penalty; action for…
- 42-14305 · Determination of valuation
- 42-14306 · Administrative review of valuation
- 42-14307 · Appeals
- 42-14308 · Assessment, levy and collection of tax
- 42-14309 · Debt; lien
- 42-14351 · Annual determination of valuation
- 42-14352 · Annual statement
- 42-14353 · Failure or refusal to make annual statement; penalty
- 42-14354 · Determining valuation of railroad company operating property
- 42-14355 · Computing valuation; definitions
- 42-14356 · Adjustments to achieve comparability