Arizona § 43-1242 - Information returns of tax-exempt organizations; definition
Full text of Arizona Arizona Revised Statutes § 43-1242 — Information returns of tax-exempt organizations; definition, with citation guidance and answers to common questions.
§ 43-1242. Information returns of tax-exempt organizations; definition
A. Every organization that is exempt under section 43-1201, subsection B shall annually file a return with the department on a form prescribed by the department on or before the fifteenth day of the fifth month after the close of the taxable year. The return shall include:
1. The organization's gross receipts for the year.
2. The organization's expenses incurred within the year.
3. A balance sheet showing the organization's assets, liabilities and net worth as of the beginning and end of the year.
4. Such other information as the department may prescribe by rule.
B. For the purposes of this section, "gross receipts" means the total amount the organization received from all sources during its annual tax year without subtracting any costs or expenses.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 43-1242
What does Arizona Revised Statutes § 43-1242 cover?
Section 43-1242 ("Information returns of tax-exempt organizations; definition") 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 § 43-1242?
A common citation format is "Arizona Revised Statutes § 43-1242" (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 § 43-1242 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.