§ 43-1201 Organizations exempt from tax

AZ Rev Stat § 43-1201 (2019) (N/A)
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43-1201. Organizations exempt from tax

(Caution: 1998 Prop. 105 applies)

A. Except as otherwise provided in this chapter, the following organizations are exempt from the taxes imposed under this title:

1. Organizations that are exempt from federal income tax under section 501 of the internal revenue code.

2. Insurance companies that pay to this state a tax on premium income derived from sources within this state.

B. Nonprofit medical marijuana dispensaries under title 36, chapter 28.1, are exempt from the taxes imposed under this title.