Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 43. Taxation of Income |
Chapter 12. TAX EXEMPT ORGANIZATIONS |
Article 4. Returns of Exempt Organizations |
Sec 43-1241. Returns of unrelated business income
Latest version.
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Every organization, otherwise exempt under section 43-1201 but having unrelated business taxable income, shall:
1. File a return, verified by an executive officer under penalties of perjury in the form prescribed by the department on or before the fifteenth day of the fifth month after the close of the taxable year, reporting its income from such activities.
2. Pay a tax at the rates prescribed in section 43-1111 on its unrelated business taxable income as defined in section 43-1231.