Arizona Laws 38-811. Taxation of benefits; exemption of contributions and securities
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The member and employer contributions and the securities in the fund are exempt from state, county and municipal taxes. Member and employer contributions that are made to and subsequently withdrawn from the fund after December 31, 1974 by a member from the accounts of the plan and are not received as benefits from the plan and benefits, annuities and pensions received by a member from the plan after December 31, 1988 are subject to state taxes pursuant to title 43.
Terms Used In Arizona Laws 38-811
- Employer: means a department, agency or political subdivision of this state that makes employer contributions to the plan pursuant to section 38-810 on behalf of an elected official who participates in the plan. See Arizona Laws 38-801
- Fund: means the elected officials' retirement plan fund. See Arizona Laws 38-801
- Plan: means the elected officials' retirement plan. See Arizona Laws 38-801