43-1231. Taxation of unrelated business income
56 words·~1 min read·
/az/title-43/43-1231A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.