Arizona § 49-1306 Taxation exemption

Arizona Statutes

§ 49-1306 — Taxation exemption

Arizona § 49-1306

Title 49Arizona Revised Statutes

Ch. 8WATER INFRASTRUCTURE FINANCE PROGRAM

Art. 4Long-Term Water Augmentation Fund

This text of Arizona § 49-1306 (Taxation exemption) 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. § 49-1306 (2026).

Text

A.The authority is regarded as performing a governmental function in carrying out the purposes of this article and is not required to pay taxes or assessments on any of the property acquired or constructed for these purposes or on the agreements of the authority pertaining to maintaining and operating water-related facilities or in the revenues derived from the water-related facilities.

B.The long-term water augmentation bonds issued under this chapter, their transfer and the income the bonds produce are at all times exempt from taxation by this state or by any political subdivision of this state.

C.The authority is authorized under this chapter and under title 35, chapter 3, article 7 to take all actions determined necessary by the board to comply with federal income tax laws, includ

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A. The authority is regarded as performing a governmental function in carrying out the purposes of this article and is not required to pay taxes or assessments on any of the property acquired or constructed for these purposes or on the agreements of the authority pertaining to maintaining and operating water-related facilities or in the revenues derived from the water-related facilities.

B. The long-term water augmentation bonds issued under this chapter, their transfer and the income the bonds produce are at all times exempt from taxation by this state or by any political subdivision of this state.

C. The authority is authorized under this chapter and under title 35, chapter 3, article 7 to take all actions determined necessary by the board to comply with federal income tax laws, including the payment of rebates to the United States treasury.