Arizona § 42-13354 Assessing personal property construction work in progress; definition

Arizona Statutes

§ 42-13354 — Assessing personal property construction work in progress; definition

Arizona·Title 42 Arizona Revised Statutes·Ch. 13 VALUATION OF LOCALLY ASSESSED PROPERTY·Art. 8 Valuation of Property of Manufacturers, Assemblers or Fabricators

A.The county assessor shall not value or assess personal property construction work in progress until the construction work has progressed to a sufficient degree for the personal property to be useful for the purposes for which it is being constructed.

B.For the purposes of this section, "personal property construction work in progress" means the amount spent and entered on the taxpayer’s accounting records as of December 31 of the preceding calendar year as construction work in progress.

Free access — add to your briefcase to read the full text and ask questions with AI

A. The county assessor shall not value or assess personal property construction work in progress until the construction work has progressed to a sufficient degree for the personal property to be useful for the purposes for which it is being constructed.

B. For the purposes of this section, "personal property construction work in progress" means the amount spent and entered on the taxpayer’s accounting records as of December 31 of the preceding calendar year as construction work in progress.

Arizona § 42-13354 (Assessing personal property construction work in progress; definition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.