Terms Used In Arizona Laws > Title 43 > Chapter 11 > Article 1 - Definitions

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Corporation: means a corporation, joint stock company, bank, insurance company, business trust or so-called "Massachusetts trust" investment company or building and loan association and any other association whether incorporated or unincorporated. See Arizona Laws 43-104
• Domestic corporation: means a corporation created or organized in the United States or under the laws of the United States or of any state of the United States or the District of Columbia. See Arizona Laws 43-1101
• Federal taxable income: means the taxable income of a corporation computed pursuant to the internal revenue code. See Arizona Laws 43-1101
• Property: includes both real and personal property. See Arizona Laws 1-215
• Taxable year: means :

  (a) The calendar year or the fiscal year, ending during such calendar year, on the basis of which the taxable income is computed under this title. See Arizona Laws 43-104

• 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