Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 42. Taxation |
Chapter 19. PERSONAL PROPERTY |
Article 3. Levy and Collection |
Sec 42-19103. Proration of tax on property that is leased or rented from inventory
Latest version.
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The taxes that are levied on personal property that is periodically leased or rented from the inventory of retailers or wholesalers assessed pursuant to section 42-19005 shall be prorated by three hundred sixty-fifths to be determined by the number of days the property is leased or rented.