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

AZ Rev Stat § 42-11103 (2019) (N/A)
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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.