42-11103. Exemption for government bonded indebtedness; application of procedural provisions
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/az/title-42/42-11103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Public debts as evidenced by the bonds of this state, counties, municipalities and other political subdivisions are exempt from taxation.
B. Article 4 of this chapter does not apply to the exemption from taxation for public debts that are evidenced by bonds.