Arizona Statutes
§ 35-831 — Exemption from taxation
Arizona·Title 35 Arizona Revised Statutes·Ch. 6 POLLUTION CONTROL FINANCING·Art. 3 Tax Exemption and Liabilities
The corporation and its income and all bonds issued by it and the income therefrom shall be exempt from all taxation in this state, except that property of the corporation shall be subject to all applicable ad valorem taxes. If such property is leased, such ad valorem taxes shall be charged to the lessee as fully as if the lessee were the owner of such leased property.
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