Code · Arizona · Title 42 — Public Utilities and Carriers and Energy Programs

42-12005. Class five property

86 words·~1 min read·/az/title-42/42-12005

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

For purposes of taxation, class five is established consisting of:

1. Real and personal property of railroad companies used in the continuous operation of railroads that are valued at full cash value under chapter 14, article 8 of this title.

2. Real and personal property used in the operation of private car companies that are valued at full cash value under chapter 14, article 7 of this title.

3. Flight property that is valued at full cash value under chapter 14, article 6 of this title.