State Codes and Statutes

State Codes and Statutes

Statutes > Arizona > Title42 > 42-11103

42-11103. Exemption for government bonded indebtedness; application of procedural provisions

A. Public debts as evidenced by the bonds of this state, counties, municipalities and other political subdivisions are exempt from taxation.

B. Article 4 of this chapter does not apply to the exemption from taxation for public debts that are evidenced by bonds.