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Arizona Administrative Code (Last Updated: November 17, 2016) |
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Title 15. REVENUE |
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Chapter 2. DEPARTMENT OF REVENUE - INCOME AND WITHHOLDING TAX SECTION |
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SubChapter G. PARTNERSHIPS ARTICLE 1. TAXATION OF PARTNERSHIPS |
Section R15-2G-101. Partnerships
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A. For purposes of this Section:
1. “Distributive share of the partnership” means a partner’s share, as determined under the partnership agreement, of the items enumerated in A.R.S. § 43-1412.
2. “Arizona distributive share of the partnership” means the amount computed in subsection (A)(1), subject to the allocation and apportionment provisions of A.R.S. §§ 43- 1131 through 43-1148.
B. A partnership is not subject to income tax but shall file a return of income for information purposes.
C. In computing taxable income:
1. A resident partner shall include the resident partner’s distributive share of the partnership.
2. A nonresident partner shall include the nonresident partner’s Arizona distributive share of the partnership.
Historical Note
Recodified at 6 A.A.R. 2308, filed in the Office of the Secretary of State June 2, 2000 (Supp. 00-2). Amended by final rulemaking at 7 A.A.R. 2898, effective June 13, 2001 (Supp. 01-2).