Arizona § 42-15065 Assessing personal property construction work in progress; definition

Arizona Statutes

§ 42-15065 — Assessing personal property construction work in progress; definition

Arizona § 42-15065

Title 42Arizona Revised Statutes

Ch. 15ASSESSMENT PROCESS

Art. 2Listing and Assessing Property

This text of Arizona § 42-15065 (Assessing personal property construction work in progress; definition) 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. § 42-15065 (2026).

Text

A.The county assessor shall not:

1.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 purpose for which it is being constructed.

2.Place personal property construction work in progress on the roll unless it is valued by the department as provided by law.

B.For 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:

1. 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 purpose for which it is being constructed.

2. Place personal property construction work in progress on the roll unless it is valued by the department as provided by law.

B. For 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.