Arizona § 42-11124 Exemption for possessory interests for educational or charitable activities

Arizona Statutes

§ 42-11124 — Exemption for possessory interests for educational or charitable activities

Arizona § 42-11124

Title 42Arizona Revised Statutes

Ch. 11PROPERTY TAX

Art. 3Exemptions

This text of Arizona § 42-11124 (Exemption for possessory interests for educational or charitable activities) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 42-11124 (2026).

Text

A possessory interest consisting of property or improvements pursuant to a lease from this state or a political subdivision of this state is exempt from taxation if it is used by an association or institution that meets all of the following requirements:

1.The purpose of the association or institution is educational or charitable activities.

2.Its annual gross revenues do not exceed fifty thousand dollars.

3.It is not operated for profit.

4.It is recognized under section 501(c)(3) of the internal revenue code.

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A possessory interest consisting of property or improvements pursuant to a lease from this state or a political subdivision of this state is exempt from taxation if it is used by an association or institution that meets all of the following requirements:

1. The purpose of the association or institution is educational or charitable activities.

2. Its annual gross revenues do not exceed fifty thousand dollars.

3. It is not operated for profit.

4. It is recognized under section 501(c)(3) of the internal revenue code.