43-1127. Deferred exploration expenses
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/az/title-43/43-1127A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The amount of exploration expenses added to Arizona gross income pursuant to section 43-1121, paragraph 10 may be subtracted on a ratable basis as the units of produced ores or minerals discovered or explored by reason of such expenditures are sold. An election made for any taxable year shall be binding for that year.