Arizona Revised Statutes § 42-14151 Annual Determination Of Valuation; Definition

42-14151. Annual determination of valuation; definition

A. The department shall annually determine the valuation, in the manner prescribed by this article, of all property, owned or leased, and used by taxpayers in the following businesses:

1. Operation of a natural gas distribution system.

2. Operation of a water utility system.

3. Operation of a sewer system or wastewater treatment facility.

4. Operation of an electric generation facility.

5. Operation of an electric transmission or distribution system.

B. For the purposes of this article, " generation of electricity" means the process of taking a source of energy, including coal, natural gas, oil, nuclear fuel or renewable sources and converting the energy into electricity to be delivered to customers through a transmission and distribution system.

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Last modified: October 13, 2016