Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 42. Taxation |
Chapter 5. TRANSACTION PRIVILEGE AND AFFILIATED EXCISE TAXES |
Article 5. Severance Tax |
Sec 42-5206. Sales between affiliated persons
Latest version.
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For the purpose of this article, in determining price, the department shall recognize sales between affiliated corporations or persons or sales between units of the same corporation provided the terms of such sales are indicative of the fair market value of the subject matter of the sale.