reglab/housing_qa huggingface dataset:
AZ Rev Stat § 43-1152 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1152 - Powers of corporation suspended for nonpayment of tax

43-1152.  Powers of corporation suspended for nonpayment of tax Except for the purpose of amending the articles of incorporation to set forth a new name,  the corporate powers,  rights and privileges of a domestic corporation as defined in section 10-140 shall be suspended,  and the exercise of the corporate powers,  rights and privileges of a foreign corporation as defined in section 10-140 in this state shall be forfeited,  if any of the following conditions occurs: 1. If any tax,  penalty or interest,  or any portion thereof,  which is due and payable either at the time the return is required to be filed,  or on or before the fifteenth day of the ninth month following the close of the income year,  is not paid on or before 5:00 p.m. on the last day of the twelfth month after the close of the income year. 2. If any tax,  penalty or interest,  or any portion thereof,  other than jeopardy or fraud assessments,  due and payable upon notice and demand from the department,  is not paid on or before 5:00 p.m. on the last day of the eleventh month following the due date of such tax. 3. If any jeopardy or fraud assessment,  or any interest or penalty thereon,  is not paid within forty days from the date of such tax,  penalty and interest are due and payable upon notice and demand from the department,  unless the bond permitted by section 42-1111,  subsection B is filed to stay the collection of the tax,  interest or penalty,  and such tax,  interest or penalty is paid within sixty days after notice by the department on the taxpayer's petition for reassessment.
AZ Rev Stat § 43-1153 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1153 - Certificate of suspension of a corporation

43-1153.  Certificate of suspension of a corporation The department shall transmit the name of any corporation delinquent pursuant to section 43-1152 to the corporation commission,  and the prescribed suspension or forfeiture shall become effective immediately and the certificate of the corporation commission shall be prima facie evidence of such suspension or forfeiture.
AZ Rev Stat § 43-1154 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1154 - Penalty for exercising powers after suspension

43-1154.  Penalty for exercising powers after suspension Any person who attempts or purports to exercise any of the rights,  privileges or powers of any corporation suspended pursuant to section 43-1152 except as permitted by this article,  or who transacts any intrastate business in the state in behalf of any such foreign corporation,  shall be guilty of a class 1 misdemeanor. The jurisdiction of such offense shall be held to be in any county in which such transaction of business occurred and the county attorney of the county shall prosecute such offense. In addition to the penal provisions in this section,  any taxpayer which transacts business during the period of suspension or forfeiture shall be subject to tax under the provisions of this title.
AZ Rev Stat § 43-1155 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1155 - Voidable contracts by corporations

43-1155.  Voidable contracts by corporations Every contract made in violation of this article is voidable at the instance of any party other than the taxpayer.
AZ Rev Stat § 43-1156 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1156 - Application for revival of corporate powers

43-1156.  Application for revival of corporate powers A. Any taxpayer which has suffered the suspension or forfeiture provided for in section 43-1152 may be relieved therefrom upon making application in writing to the department and upon payment of the tax and the interest and penalties for nonpayment of which the suspension or forfeiture occurred,  together with all other taxes,  deficiencies,  interest and penalties due under this title. B. Application for such certificate on behalf of any domestic corporation as defined in section 10-140 which has suffered such suspension may be made by any stockholder or creditor or by a majority of the surviving trustees or directors thereof. C. Application for such certificate may be made by any foreign corporation as defined in section 10-140 which has suffered such forfeiture or by any stockholder or creditor thereof.
AZ Rev Stat § 43-1157 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1157 - Clearance of revivor by corporation commission

43-1157.  Clearance of revivor by corporation commission A. Before any certificate of revivor is issued by the department it shall obtain from the corporation commission an endorsement upon such application of the fact that such corporation then qualifies for revival of corporate powers,  rights and privileges. B. Upon the issuance of such certificate by the department,  the taxpayer therein named shall become reinstated. Such reinstatement shall be without prejudice to any action,  defense or right which has accrued by reason of the original suspension or forfeiture. C. The certificate of revivor shall be prima facie evidence of such reinstatement and such certificate may be recorded in the office of the county recorder of any county of this state. D. A copy of such certificate shall be forwarded to the corporation commission for its files.
AZ Rev Stat § 43-1158 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1158 - Treatment of installment obligations on cessation of corporate activities

43-1158.  Treatment of installment obligations on cessation of corporate activities If a corporation has elected to report income from the sale or other disposition of property on the installment method,  and the entire income from the sale has not been reported before the year the corporation ceases to be subject to the tax imposed by this title,  the corporation shall report the unreported income in the last year in which the corporation is subject to the tax. This section does not apply if the installment obligation is transferred pursuant to a reorganization to another taxpayer subject to tax under this title as the transferee,  but capital losses of the transferee may not be used to offset income from the installment obligation transferred from a corporation which has ceased to be subject to the tax.
AZ Rev Stat § 43-1163 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1163 - Affordable housing tax credit

43-1163.  Affordable housing tax credit (Rpld. 1/1/26) A. A taxpayer is allowed a credit against the taxes imposed by this title if the Arizona department of housing issues an eligibility statement for a qualified project pursuant to section 41-3954. The amount of the credit: 1. Is equal to at least fifty percent of the amount of the federal low-income housing credit for the qualified project. 2. On notice to the department of revenue,  may be allocated among the partners,  members or shareholders,  as they may agree among themselves regardless of the size of such participant's ownership interest. The total of the allocated credits among all such participants may not exceed the amount of the credit approved by the Arizona department of housing. This paragraph does not prohibit a partner,  member or shareholder from holding an investment exclusively in either the state credits or federal credits allocated to the qualified project. B. To claim the credit under this section,  the taxpayer must submit the eligibility statement provided by the Arizona department of housing under section 41-3954 to the department of revenue with the taxpayer's income tax return. A credit under this section is not allowed until the taxpayer furnishes the required documentation. C. If the amount of the credit for a taxable year exceeds the amount of taxes otherwise due under this title on the claimant's income,  or if there are no taxes due under this title,  the taxpayer may carry the amount of the claim not used to offset the taxes under this title forward for not more than five consecutive taxable years' income tax liability. D. If all or part of the federal low-income housing tax credit with respect to the qualified project is subject to recapture under section 42 of the internal revenue code during the first ten taxable years after the project is placed in service,  the credit under this section is also subject to recapture in a proportional amount from all taxpayers that claimed the credit. The recapture is calculated by increasing the amount of taxes imposed in the following year by the amount recaptured. E. The department of revenue,  with the cooperation of the department of insurance and financial institutions and the Arizona department of housing,  shall adopt rules and publish and prescribe forms and procedures as necessary to administer this section.
AZ Rev Stat § 43-1164 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1164 - Credit for solar energy devices; commercial and industrial applications

43-1164.  Credit for solar energy devices;  commercial and industrial applications A. For taxable years beginning from and after December 31,  2005 through December 31,  2018,  a credit is allowed against the taxes imposed by this title for a taxpayer that is either: 1. Installing one or more solar energy devices,  as defined in section 42-5001 and certified pursuant to section 41-1510.01,  during the taxable year for commercial,  industrial or any other nonresidential application in the taxpayer's facility located in this state.  2. The third party organization that financed,  installed or manufactured the solar energy device that qualifies for the credit under paragraph 1 of this subsection if the taxpayer or an entity exempt from taxation under chapter 12 of this title who otherwise would qualify for this credit transfers the credit on a form prescribed by the department to the third party organization. B. The amount of the credit is equal to ten per cent of the installed cost of the device. C. The person who provides or installs the device shall furnish the taxpayer with an accounting of the cost to the taxpayer. D. The taxpayer may not cumulate total tax credits under this section exceeding twenty-five thousand dollars with respect to the same building in the same year or fifty thousand dollars in total credits in any year. E. If the allowable credit exceeds the taxes otherwise due under this title on the claimant's income,  or if there are no taxes due under this title,  the amount of the claim not used to offset taxes under this title may be carried forward for not more than five consecutive taxable years as a credit against subsequent years' income tax liability. F. Co-owners of a business,  including corporate partners in a partnership,  may each claim only the pro rata share of the credit allowed under this section based on the ownership interest or financial investment in the system. The total of the credits allowed all such owners may not exceed the amount that would have been allowed a sole owner.
AZ Rev Stat § 43-1167.01 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1167.01 - Credit for employing national guard members

43-1167.01.  Credit for employing national guard members A. For taxable years beginning from and after December 31,  2005,  a credit is allowed against the taxes imposed by this title for a taxpayer whose employee is a member of the Arizona national guard if the employee is placed on active duty. The amount of the credit is one thousand dollars for each employee who is placed on active duty by the Arizona national guard. B. To qualify for the credit: 1. The employee must be a member of the Arizona national guard who is employed by the taxpayer in a full-time equivalent position when the employee is placed on active duty. 2. Each member of the Arizona national guard who is employed must have served during the taxable year on active duty for training that exceeds the required annual training period,  including any activation for federal or state contingencies or emergencies. C. If the allowable credit exceeds the taxes otherwise due under this title on the claimant's income,  or if there are no taxes due under this title,  the amount of the claim not used to offset taxes under this title may be carried forward for not more than five consecutive taxable years as a credit against subsequent years' income tax liability. D. The credit under this section may be claimed only once by the taxpayer in any taxable year with respect to each employee who is placed on active duty by the Arizona national guard,  but may be claimed again for that employee in a subsequent taxable year if that employee remains on active duty or is placed again on active duty in a subsequent taxable year. E. Co-owners of a business,  including corporate partners in a partnership,  may each claim only the pro rata share of the credit allowed under this section based on the ownership interest. The total of the credits allowed all such owners may not exceed the amount that would have been allowed a sole owner.
AZ Rev Stat § 43-1170 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1170 - Credit for pollution control equipment

43-1170.  Credit for pollution control equipment A. A credit is allowed against the taxes imposed by this title for expenses that the taxpayer incurred during the taxable year to purchase real or personal property that is used in the taxpayer's trade or business in this state to control or prevent pollution. The amount of the credit is equal to ten per cent of the purchase price. B. Property that qualifies for the credit under this section includes that portion of a structure,  building,  installation,  excavation,  machine,  equipment or device and any attachment or addition to or reconstruction,  replacement or improvement of that property that is directly used,  constructed or installed in this state for the purpose of meeting or exceeding rules or regulations adopted by the United States environmental protection agency,  the department of environmental quality or a political subdivision of this state to prevent,  monitor,  control or reduce air,  water or land pollution that results from the taxpayer's direct operating activities in conducting a trade or business in this state.  C. The credit allowed pursuant to this section does not apply to: 1. The purchase of any personal property that is attached to a motor vehicle. 2. Any property that has a substantial use for a purpose other than the purposes described in subsection B. 3. Any portion of pollution control property that is included as a standard and integral part of another property. D. Amounts that qualify for a credit under this section must be includible in the taxpayer's adjusted basis for the property. The adjusted basis of any property with respect to which the taxpayer has claimed a credit shall be reduced by the amount of credit claimed with respect to that asset. This credit does not affect the deductibility for depreciation or amortization of the remaining adjusted basis of the asset. E. Co-owners of a business,  including corporate partners in a partnership,  may each claim only the pro rata share of the credit allowed under this section based on the ownership interest. The total of the credits allowed all such owners may not exceed the amount that would have been allowed a sole owner. F. If the allowable tax credit exceeds the taxes otherwise due under this title on the claimant's income,  or if there are no taxes due under this title,  the taxpayer may carry the amount of the claim not used to offset the taxes under this title forward for not more than five taxable years' income tax liability. G. The maximum credit that a taxpayer may claim under this section is five hundred thousand dollars in a taxable year.
AZ Rev Stat § 43-1178 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1178 - Credit for taxes with respect to coal consumed in generating electrical power

43-1178.  Credit for taxes with respect to coal consumed in generating electrical power A. A credit is allowed against the taxes imposed by this title for a taxpayer that purchases coal consumed in generating electrical power in this state. The credit is equal to thirty per cent of the amount paid by the seller or purchaser as transaction privilege or use tax with respect to the coal sold to the taxpayer. B. Co-owners of a business,  including corporate partners in a partnership,  may claim only the pro rata share of the credit allowed under this section based on the ownership interest. The total of the credits allowed all of the owners of the business may not exceed the amount that would have been allowed for a sole owner of the business. C. If the allowable tax credit exceeds the taxes otherwise due under this title on the claimant's income,  or if there are no taxes due under this title,  the amount of the claim not used as an offset against income taxes may be carried forward to the next five consecutive taxable years as a credit against subsequent years income tax liability. D. The credit under this section is in lieu of any allowance for state tax purposes for a deduction for the expenses allowed by the internal revenue code.
AZ Rev Stat § 43-1381 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1381 - Credit for taxes paid to other state or country

43-1381.  Credit for taxes paid to other state or country A. If an estate or trust is a resident of this state and also a resident of another state or country,  the estate or trust is allowed a credit against the taxes imposed by this title for net income taxes imposed by and paid to the other state or country,  subject to the following conditions: 1. The credit is allowed only for the proportion of the taxes paid to the other state or country that the income taxable under this title and also subject to tax in the other state or country bears to the entire income on which the taxes paid to the other state or country are imposed. 2. The credit shall not exceed the proportion of the tax payable under this title that the income subject to tax in the other state or country and also taxable under this title bears to the entire income that is taxable under this title. 3. The credit shall not be allowed for taxes paid to the other state or country on income from sources within this state. B. If any taxes paid to another state or country for which a taxpayer has been allowed a credit under this section are at any time credited or refunded to the taxpayer,  the taxpayer shall immediately report this fact to the department. C. A tax equal to the credit allowed for the taxes credited or refunded by the other state or country is due and payable from the taxpayer on notice and demand from the department. D. For the purposes of this section,  an estate or trust is considered to be a resident of the state or country that is legally entitled to tax the income of the estate or trust regardless of whether the income is derived from sources in that state or country. E. For purposes of this section,  net income taxes imposed by another country shall include those taxes that qualify for a credit under sections 901 and 903 of the internal revenue code and the regulations thereunder.
AZ Rev Stat § 43-1201 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1201 - Organizations exempt from tax

43-1201.  Organizations exempt from tax (Caution: 1998 Prop. 105 applies) A. Except as otherwise provided in this chapter,  the following organizations are exempt from the taxes imposed under this title: 1. Organizations that are exempt from federal income tax under section 501 of the internal revenue code. 2. Insurance companies that pay to this state a tax on premium income derived from sources within this state. B. Nonprofit medical marijuana dispensaries under title 36,  chapter 28.1,  are exempt from the taxes imposed under this title.
AZ Rev Stat § 43-1202 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1202 - Feeder organizations not exempt from tax; definition

43-1202.  Feeder organizations not exempt from tax;  definition 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.
AZ Rev Stat § 43-1212 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1212 - Denial of exempt status due to prohibited transactions; restoration of exempt status

43-1212.  Denial of exempt status due to prohibited transactions;  restoration of exempt status A. An organization that is denied exemption from federal income tax for engaging in prohibited transactions as provided by section 503 of the internal revenue code is also denied exemption under section 43-1201. The denial applies to taxable years after the taxable year during which the organization is notified by the department or by the United States internal revenue service that it has engaged in a prohibited transaction,  unless the organization entered into the prohibited transaction with the purpose of diverting corpus or income of the organization from its exempt purposes and the transaction involved a substantial part of the corpus or income of the organization. B. An organization that is denied an exemption pursuant to subsection A of this section with respect to any taxable year following the taxable year in which the notice was received may have its exempt status under section 43-1201 restored at the same time the organization's exempt status is restored for federal income tax purposes under section 503 of the internal revenue code.
AZ Rev Stat § 43-1231 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1231 - Taxation of unrelated business income

43-1231.  Taxation of unrelated business income Any organization,  trust or church or a convention or association of churches that is exempt,  except as provided in this section,  from taxation under this title by reason of section 43-1201 is subject to the tax imposed under section 43-1111 on its unrelated business taxable income as defined in section 512 of the internal revenue code.
AZ Rev Stat § 43-1241 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1241 - Returns of unrelated business income

43-1241.  Returns of unrelated business income Every organization,  otherwise exempt under section 43-1201 but having unrelated business taxable income,  shall: 1. File a return,  verified by an executive officer under penalties of perjury in the form prescribed by the department on or before the fifteenth day of the fifth month after the close of the taxable year,  reporting its income from such activities.  2. Pay a tax at the rates prescribed in section 43-1111 on its unrelated business taxable income as defined in section 43-1231.
AZ Rev Stat § 43-1242 (2021)
2021 Arizona Revised Statutes|Title 43 - Taxation of Income|§ 43-1242 - Information returns of tax-exempt organizations; definition

43-1242.  Information returns of tax-exempt organizations;  definition A. Every organization that is exempt under section 43-1201,  subsection B shall annually file a return with the department on a form prescribed by the department on or before the fifteenth day of the fifth month after the close of the taxable year. The return shall include: 1. The organization's gross receipts for the year. 2. The organization's expenses incurred within the year. 3. A balance sheet showing the organization's assets,  liabilities and net worth as of the beginning and end of the year. 4. Such other information as the department may prescribe by rule. B. For the purposes of this section,  " gross receipts"  means the total amount the organization received from all sources during its annual tax year without subtracting any costs or expenses.