Arizona § 42-11124 - Exemption for possessory interests for educational or charitable activities
Full text of Arizona Arizona Revised Statutes § 42-11124 — Exemption for possessory interests for educational or charitable activities, with citation guidance and answers to common questions.
§ 42-11124. Exemption for possessory interests for educational or charitable activities
A possessory interest consisting of property or improvements pursuant to a lease from this state or a political subdivision of this state is exempt from taxation if it is used by an association or institution that meets all of the following requirements:
1. The purpose of the association or institution is educational or charitable activities.
2. Its annual gross revenues do not exceed fifty thousand dollars.
3. It is not operated for profit.
4. It is recognized under section 501(c)(3) of the internal revenue code.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-11124
What does Arizona Revised Statutes § 42-11124 cover?
Section 42-11124 ("Exemption for possessory interests for educational or charitable activities") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 42-11124?
A common citation format is "Arizona Revised Statutes § 42-11124" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 42-11124 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.