Arizona Laws 43-1131. Definitions
As used in this article, unless the context otherwise requires:
Terms Used In Arizona Laws 43-1131
- Business income: means income arising from transactions and activity in the regular course of the taxpayer's trade or business and includes income from tangible and intangible property if the acquisition, management and disposition of the property constitute integral parts of the taxpayer's regular trade or business operations. See Arizona Laws 43-1131
- Foreign country: means any jurisdiction other than one embraced within the United States. See Arizona Laws 43-104
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- Person: includes individuals, fiduciaries, partnerships and corporations. See Arizona Laws 43-104
- Property: includes both real and personal property. See Arizona Laws 1-215
- State: means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States and any foreign country or political subdivision thereof. See Arizona Laws 43-1131
- Tax: means the taxes imposed under this title. See Arizona Laws 43-104
- Taxpayer: means any person subject to the tax imposed by this title. See Arizona Laws 43-1131
- Trade or business: includes the performance of the functions of a public office. See Arizona Laws 43-104
- United States: when used in a geographical sense, includes the states, the District of Columbia and the possessions of the United States. See Arizona Laws 43-104
1. "Business income" means income arising from transactions and activity in the regular course of the taxpayer‘s trade or business and includes income from tangible and intangible property if the acquisition, management and disposition of the property constitute integral parts of the taxpayer’s regular trade or business operations.
2. "Commercial domicile" means the principal place from which the trade or business of the taxpayer is directed or managed.
3. "Compensation" means wages, salaries, commissions and any other form of remuneration paid to employees for personal services.
4. "Nonbusiness income" means all income other than business income.
5. "Sales" means all gross receipts of the taxpayer not allocated under this article.
6. "State" means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States and any foreign country or political subdivision thereof.
7. "Taxpayer" means any person subject to the tax imposed by this title.