Arizona Revised Statutes Title 42 — Taxation
A.R.S. § 42-14255
Assessment, levy and collection of tax; limitation on small airline company tax
42-14255 . Assessment, levy and collection of tax; limitation on small airline company tax A. The department shall annually:
# 1.
Enter in its records the full cash value as determined under this article of the flight property of the airline companies in this state.
# 2.
Assess the property as provided by sections 42-12005 and 42-15005.
# 3.
Levy a tax against the values so determined and assessed at a rate that equals the sum of the average rates for primary and secondary property taxes in the taxing jurisdictions in this state for the current year.
# 4.
Collect the taxes according to the schedules prescribed by section 42-18052.
# 5.
Deposit, pursuant to sections 35-146 and 35-147, the tax revenues in the state aviation fund. B. The tax imposed by this section is in lieu of all other ad valorem taxes on the flight property of airline companies in this state. C. Delinquent taxes bear interest at the rate determined pursuant to section 42-1123. D. The full cash values that are used for tax purposes pursuant to subsection A of this section are a matter of public record and are not confidential information under chapter 2, article 1 of this title.
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In this chapter (40 sections)
- 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
- 42-14357 · Transmitting valuation to taxing jurisdictions; apportionment
- 42-14358 · Entering statement on assessment roll