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Current as of January 01, 2025 | Updated by Findlaw Staff
In this article, unless the context otherwise requires:
1. “Commercial historic property” means real property that:
(a) Meets the criteria for classification as class one, paragraph 12 pursuant to § 42-12001 or class four pursuant to § 42-12004, subsection A, paragraphs 2 through 9.
(b) Is listed in the national register of historic places established and maintained under the national historic preservation act (P.L. 89-665; 80 Stat. 915; 16 United States Code § 470 et seq.), as amended.
(c) Meets the minimum standards of maintenance established by rule by the Arizona state parks board.
2. “Noncommercial historic property” means real property:
(a) That is listed in the national register of historic places established and maintained under the national historic preservation act (P.L. 89-665; 80 Stat. 915; 16 United States Code § 470 et seq.), as amended.
(b) That meets the minimum standards of maintenance established by rule by the Arizona state parks board.
(c) On which no business or enterprise is conducted with the intent of earning a profit.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 42. Taxation § 42-12101. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/az/title-42-taxation/az-rev-st-sect-42-12101/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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