Arizona Revised Statutes § 38-792 Exemptions From Execution, Attachment And Taxation; Exception

38-792. Exemptions from execution, attachment and taxation; exception

A. The benefits and annuities, the member and employer contributions and the securities in ASRS accounts provided for in this article are not subject to execution or attachment and are nonassignable except as specifically provided in this article. The member and employer contributions and the securities in ASRS accounts are exempt from state, county and municipal income taxes. Contributions that are withdrawn after December 31, 1974 by a public officer or employee from the accounts of ASRS and that are not received as benefits from ASRS and benefits and annuities received by a public officer or employee from ASRS after December 31, 1988 are subject to tax pursuant to title 43.

B. Interest, earnings and all other credits pertaining to benefits and annuities are not subject to execution or attachment and are nonassignable.

Section: Previous  38-774  38-775  38-776  38-781  38-782  38-783  38-791  38-792  38-793  38-794  38-797  38-797-version-2  38-797.01  38-797.02  38-797.03  Next

Last modified: October 13, 2016