Arizona Laws 42-11122. Exemption for trading commodities
Current as of: 2024 | Check for updates
|
Other versions
A commodity, as defined in 7 United States Code § 2, that is consigned for resale in a warehouse in this state in or from which the commodity is deliverable on a contract for future delivery subject to the rules of a commodity market regulated by the United States commodity futures trading commission is exempt from taxation.
Terms Used In Arizona Laws 42-11122
- Contract: A legal written agreement that becomes binding when signed.
- United States: includes the District of Columbia and the territories. See Arizona Laws 1-215