Arizona Revised Statutes Title 43. Taxation of Income § 43-1231. Taxation of unrelated business income

Any organization, trust or church or a convention or association of churches which is exempt, except as provided in this section, from taxation under this title by reason of § 43-1201 , paragraphs 1 through 14 shall be subject to the tax imposed under § 43-1111 upon its “unrelated business taxable income” as defined in § 512 of the internal revenue code .   1  Such taxes shall also apply to an organization described in § 43-1201 , paragraph 8 if the income is payable to an organization which itself is subject to the tax imposed under this section or to a church or to a convention or association of churches.

1 26 U.S.C.A. § 512.

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