Ariz. Admin. Code § R15-2G-101 - Partnerships

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.

Notes

Ariz. Admin. Code § R15-2G-101

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).