Arizona § 43-1202 Feeder organizations not exempt from tax; definition

Arizona Statutes

§ 43-1202 — Feeder organizations not exempt from tax; definition

Arizona § 43-1202

Title 43Arizona Revised Statutes

Ch. 12TAX EXEMPT ORGANIZATIONS

Art. 1Organizations Exempt from Tax

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Bluebook

Ariz. Rev. Stat. Ann. § 43-1202 (2026).

Text

A.An organization that is operated for the primary purpose of carrying on a trade or business for profit is not exempt under any provision of this chapter on the ground that all of its profits are payable to one or more organizations exempt under this section from taxation.

B.For the purposes of this section, "trade or business" has the same meaning prescribed in section 502 of the internal revenue code and regulations adopted pursuant to that section.

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A. An organization that is operated for the primary purpose of carrying on a trade or business for profit is not exempt under any provision of this chapter on the ground that all of its profits are payable to one or more organizations exempt under this section from taxation.

B. For the purposes of this section, "trade or business" has the same meaning prescribed in section 502 of the internal revenue code and regulations adopted pursuant to that section.