Arizona § 42-5205 Administration; allocation of revenues

Arizona Statutes

§ 42-5205 — Administration; allocation of revenues

Arizona·Title 42 Arizona Revised Statutes·Ch. 5 TRANSACTION PRIVILEGE AND AFFILIATED EXCISE TAXES·Art. 5 Severance Tax

A.Except as otherwise provided in this section, or unless the context otherwise requires, article 1 of this chapter governs the administration of the tax imposed by this article.

B.The revenue derived from eighty per cent of the tax rate imposed by this chapter is designated as distribution base and shall be distributed pursuant to section 42-5029, subsection D.

C.The revenue derived from twenty per cent of the tax rate imposed by this chapter shall be credited to the state general fund and appropriated each year for public educational purposes.

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

A. Except as otherwise provided in this section, or unless the context otherwise requires, article 1 of this chapter governs the administration of the tax imposed by this article.

B. The revenue derived from eighty per cent of the tax rate imposed by this chapter is designated as distribution base and shall be distributed pursuant to section 42-5029, subsection D.

C. The revenue derived from twenty per cent of the tax rate imposed by this chapter shall be credited to the state general fund and appropriated each year for public educational purposes.

Arizona § 42-5205 (Administration; allocation of revenues) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.