A.R.S. tit. 6 ch. 15 — Arizona Revised Statutes Title 6 Chapter 15 — Taxes On Financial Institutions

6-1501. Method of taxing national banking associations A. Each national banking association: 1. Shall be taxed on its net income under title 43. 2. Is subject to all other taxes that are authorized by 12 United States Code section 548 and that are levied or imposed by this state or any political subdivision of this state. B. The allowable cost factor that is attributable to exempt income from United States government obligations and municipal bonds shall be determined pursuant to section 43-961, paragraph 2. 6-1502. Method of taxing banks, investment companies and savings and loan associations Banks, including national banking associations, investment companies and savings and loan associations, including federal savings and loan associations, are subject to all taxes that are levied or imposed generally on a nondiscriminatory basis, throughout this state or any political subdivision of this state, to the same extent as taxes are levied or imposed on other corporations.