Arizona § 42-11114 - Exemption for property held for conveyance as parkland; recapture
Full text of Arizona Arizona Revised Statutes § 42-11114 — Exemption for property held for conveyance as parkland; recapture, with citation guidance and answers to common questions.
§ 42-11114. Exemption for property held for conveyance as parkland; recapture
A. Property that is held by a charitable organization, recognized under section 501(c)(3) of the internal revenue code, for transfer to this state or to a political subdivision of this state to be used as parkland is exempt from taxation if the charitable organization does not receive rent or valuable consideration.
B. If property that is exempt under this section is transferred to an entity other than this state or a political subdivision of this state or if the property is used or occupied by or for the benefit of any other person, the charitable organization is liable for all tax, interest and penalties that would be due if the property were not exempt from taxation.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-11114
What does Arizona Revised Statutes § 42-11114 cover?
Section 42-11114 ("Exemption for property held for conveyance as parkland; recapture") 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 § 42-11114?
A common citation format is "Arizona Revised Statutes § 42-11114" (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 § 42-11114 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.