Arizona § 42-19005 Property leased or rented from inventory

Arizona Statutes

§ 42-19005 — Property leased or rented from inventory

Arizona § 42-19005

Title 42Arizona Revised Statutes

Ch. 19PERSONAL PROPERTY

Art. 1Assessment

This text of Arizona § 42-19005 (Property leased or rented from inventory) 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. § 42-19005 (2026).

Text

A.Subject to section 42-19103, personal property that is periodically leased or rented from the inventory of retailers or wholesalers shall be assessed in the same manner as other personal property included in class one pursuant to sections 42-12001 and 42-15001.

B.The department shall:

1.Establish the method of determining the valuation of such property.

2.Prescribe all forms and reports required under this section.

C.Each retailer and wholesaler that leases or rents personal property from its inventory shall file an affidavit of particulars with the county assessor not later than the tenth day of each month for the preceding month's activity.

D.This section does not apply to property that is owned and held by persons primarily engaged in the business of renting personal proper

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A. Subject to section 42-19103, personal property that is periodically leased or rented from the inventory of retailers or wholesalers shall be assessed in the same manner as other personal property included in class one pursuant to sections 42-12001 and 42-15001.

B. The department shall:

1. Establish the method of determining the valuation of such property.

2. Prescribe all forms and reports required under this section.

C. Each retailer and wholesaler that leases or rents personal property from its inventory shall file an affidavit of particulars with the county assessor not later than the tenth day of each month for the preceding month's activity.

D. This section does not apply to property that is owned and held by persons primarily engaged in the business of renting personal property.