Arizona Revised Statutes Title 43. Taxation of Income § 43-1401. Definitions

1. “Arizona gross income” of a partnership means its taxable income for the year, computed according to subtitle A, chapter 1, subchapter K of the internal revenue code,  1 exclusive of items requiring separate computation under § 43-1412, paragraphs 1 through 16. For purposes of this title the provisions relating to interest on investment indebtedness contained in section 163(d) of the internal revenue code 2 shall not apply.

2. “Arizona taxable income” of a partnership means its Arizona gross income adjusted by the modifications specified in §§ 43-1021 and 43-1022 and § 43-1414, subsection A.