Arizona § 43-1135 - Net rents and royalties
Full text of Arizona Arizona Revised Statutes § 43-1135 — Net rents and royalties, with citation guidance and answers to common questions.
§ 43-1135. Net rents and royalties
A. Net rents and royalties from real property located in this state are allocable to this state.
B. Net rents and royalties from tangible personal property are allocable to this state either:
1. If and to the extent that the property is utilized in this state.
2. In their entirety if the taxpayer's commercial domicile is in this state and the taxpayer is not organized under the laws of or taxable in the state in which the property is utilized.
C. The extent of utilization of tangible personal property in a state is determined by multiplying the rents and royalties by a fraction, the numerator of which is the number of days of physical location of the property in the state during the rental or royalty period in the taxable year and the denominator of which is the number of days of physical location of the property everywhere during all rental or royalty periods in the taxable year. If the physical location of the property during the rental or royalty period is unknown or unascertainable by the taxpayer, tangible personal property is utilized in the state in which the property was located at the time the rental or royalty payer obtained possession.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 43-1135
What does Arizona Revised Statutes § 43-1135 cover?
Section 43-1135 ("Net rents and royalties") 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 § 43-1135?
A common citation format is "Arizona Revised Statutes § 43-1135" (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 § 43-1135 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.