Arizona § 42-19005 - Property leased or rented from inventory
Full text of Arizona Arizona Revised Statutes § 42-19005 — Property leased or rented from inventory, with citation guidance and answers to common questions.
§ 42-19005. Property leased or rented from inventory
A. Subject to section 42-19103, personal property that is periodically leased or rented from the inventory of retailers or wholesalers shall be assessed in the same manner as other personal property included in class one pursuant to sections 42-12001 and 42-15001.
B. The department shall:
1. Establish the method of determining the valuation of such property.
2. Prescribe all forms and reports required under this section.
C. Each retailer and wholesaler that leases or rents personal property from its inventory shall file an affidavit of particulars with the county assessor not later than the tenth day of each month for the preceding month's activity.
D. This section does not apply to property that is owned and held by persons primarily engaged in the business of renting personal property.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 42-19005
What does Arizona Revised Statutes § 42-19005 cover?
Section 42-19005 ("Property leased or rented from inventory") 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 § 42-19005?
A common citation format is "Arizona Revised Statutes § 42-19005" (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 § 42-19005 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.